Skyward Specialty Insurance Group, Inc. $SKWD Shares Bought by Reinhart Partners LLC.

Key Points

• Reinhart Partners increased its Skyward Specialty Insurance Group stake by 4.1% in the second quarter to 2.89 million shares, valued at approximately $168.9 million. Institutional investors collectively own 94.83% of SKWD.
• Analyst sentiment is favorable, with one Strong Buy, nine Buy and two Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $68.70.
• SKWD reported quarterly earnings of $1.30 per share, exceeding estimates of $1.17. Shares opened at $63.67, near their 12-month high of $65.69.

Reinhart Partners LLC. raised its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,894,407 shares of the company's stock after acquiring an additional 113,623 shares during the period. Skyward Specialty Insurance Group accounts for about 3.9% of Reinhart Partners LLC.'s holdings, making the stock its 5th biggest position. Reinhart Partners LLC. owned 7.14% of Skyward Specialty Insurance Group worth $168,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Balyasny Asset Management L.P. grew its holdings in Skyward Specialty Insurance Group by 411.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company's stock valued at $45,047,000 after buying an additional 762,079 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Skyward Specialty Insurance Group during the 3rd quarter worth about $24,234,000. Sei Investments Co. lifted its holdings in shares of Skyward Specialty Insurance Group by 397.5% during the 1st quarter. Sei Investments Co. now owns 433,298 shares of the company's stock worth $18,926,000 after acquiring an additional 346,202 shares during the period. Langdon Equity Partners acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $16,965,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Skyward Specialty Insurance Group by 46.7% in the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company's stock worth $54,682,000 after acquiring an additional 301,288 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Activity

In other news, Director Anthony J. Kuczinski acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the transaction, the director directly owned 15,977 shares in the company, valued at $752,516.70. This trade represents a 14.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas N. Schmitt sold 8,397 shares of the business'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 transaction, the insider directly owned 10,353 shares of the company's stock, valued at $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.52% of the company's stock.

Wall Street Analyst Weigh In

SKWD has been the subject of several research reports. Texas Capital raised shares of Skyward Specialty Insurance Group to a "strong-buy" rating in a research note on Tuesday, June 9th. Truist Financial increased their target price on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday. Weiss Ratings upgraded Skyward Specialty Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 8th. Barclays boosted their price target on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.70.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $63.67 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.69. The business's fifty day moving average price is $56.04 and its 200 day moving average price is $49.10. The stock has a market capitalization of $2.58 billion, a PE ratio of 14.84 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 19.61%. As a group, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.91 earnings per share 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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