Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 22,799 Skyward Specialty Insurance Group, Inc. $SKWD

Connor Clark & Lunn Investment Management Ltd. bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 22,799 shares of the company's stock, valued at approximately $1,330,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SKWD. Cassaday & Co Wealth Management LLC purchased a new position in Skyward Specialty Insurance Group during the 1st quarter worth $37,000. Quarry LP lifted its holdings in shares of Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company's stock worth $47,000 after buying an additional 844 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth $65,000. Fifth Third Bancorp bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter worth $60,000. Finally, Osaic Holdings Inc. increased its stake in shares of Skyward Specialty Insurance Group by 140.9% during the second quarter. Osaic Holdings Inc. now owns 1,462 shares of the company's stock valued at $84,000 after buying an additional 855 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock opened at $58.29 on Monday. The stock's 50-day moving average is $59.30 and its 200 day moving average is $50.58. Skyward Specialty Insurance Group, Inc. has a 1-year low of $40.60 and a 1-year high of $65.69. The company has a market cap of $2.59 billion, a P/E ratio of 13.59 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. The business had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. On average, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. TD Cowen raised their target price on shares of Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Piper Sandler restated an "overweight" rating on shares of Skyward Specialty Insurance Group in a report on Monday, August 24th. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $68.64.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the sale, the insider owned 10,353 shares of the company's stock, valued at $531,315.96. This represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.52% of the stock is currently owned by company insiders.

Skyward Specialty Insurance Group Profile

Skyward Specialty Insurance Group, Inc NASDAQ: SKWD is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.

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