Corient Private Wealth LP Invests $2.82 Million in Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• Corient Private Wealth purchased 48,363 Skyward Specialty Insurance Group shares worth approximately $2.82 million, while several other institutions also initiated positions. Institutional investors now own 94.83% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $68.64; recent targets range as high as $75.
• Skyward reported quarterly EPS of $1.30, exceeding estimates of $1.17. The stock opened at $57.42, compared with a 52-week range of $40.60 to $65.69.

Corient Private Wealth LP bought a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 48,363 shares of the company's stock, valued at approximately $2,822,000. Corient Private Wealth LP owned 0.11% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Skyward Specialty Insurance Group during the second quarter worth $7,589,000. Freestone Grove Partners LP acquired a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $21,142,000. Man Group plc acquired a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $1,161,000. Jupiter Topco LLC bought a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter worth about $870,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter worth about $240,000. 94.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on SKWD shares. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 25th. Piper Sandler reissued an "overweight" rating on shares of Skyward Specialty Insurance Group in a research note on Monday, August 24th. Barclays boosted their price objective 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. Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods increased their target price on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an "outperform" rating in a research note 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 given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.64.

Skyward Specialty Insurance Group Stock Performance

SKWD opened at $57.42 on Wednesday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $65.69. The stock has a fifty day moving average of $59.52 and a 200-day moving average of $50.74. The company has a market capitalization of $2.55 billion, a P/E ratio of 13.38 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.13. The firm had revenue of $489.53 million for the quarter, compared to analyst estimates of $706.59 million. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. On average, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Thomas N. Schmitt sold 8,397 shares of the company's stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. 8.52% of the stock is owned by corporate 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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