Quantinno Capital Management LP Grows Stock Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• Quantinno Capital Management increased its Skyward Specialty Insurance Group stake by 76.4% in the first quarter to 53,639 shares worth approximately $2.34 million. Institutional investors collectively own 94.83% of the company.
• Analysts raised their price targets to between $68 and $75, with the stock carrying a “Moderate Buy” consensus rating and an average target of $69.00.
• Skyward Specialty reported quarterly EPS of $1.30, exceeding the $1.17 consensus estimate, while an insider sold shares and a director purchased 2,000 shares. The stock opened at $62.00, with a market capitalization of roughly $2.51 billion.

Quantinno Capital Management LP boosted its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 76.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,639 shares of the company's stock after acquiring an additional 23,228 shares during the period. Quantinno Capital Management LP owned 0.13% of Skyward Specialty Insurance Group worth $2,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Skyward Specialty Insurance Group in the first quarter valued at approximately $37,000. Quarry LP raised its stake in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company's stock worth $47,000 after purchasing an additional 844 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth approximately $60,000. Finally, Kestra Advisory Services LLC acquired a new position in Skyward Specialty Insurance Group during the fourth quarter worth $65,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays increased their price objective on 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. Piper Sandler boosted their target price on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods upped their price target on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday. Truist Financial increased their price target on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.00.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the sale, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony J. Kuczinski purchased 2,000 shares of the company's stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $47.10 per share, with a total value of $94,200.00. Following the transaction, the director directly owned 15,977 shares of the company's stock, valued at $752,516.70. This represents a 14.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 8.52% of the company's stock.

Skyward Specialty Insurance Group Stock Down 2.6%

Skyward Specialty Insurance Group stock opened at $62.00 on Tuesday. The firm has a market capitalization of $2.51 billion, a PE ratio of 14.45 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $65.69. The firm's 50-day simple moving average is $56.40 and its 200 day simple moving average is $49.24.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.13. The firm had revenue of $489.53 million during the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 19.61%. On average, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.91 EPS for the current fiscal year.

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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