UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• UBS Asset Management cut its Skyward Specialty Insurance Group stake by 46.7% in the second quarter, selling 48,271 shares and retaining 55,129 shares worth approximately $3.2 million. Institutional investors collectively own 94.83% of the company.
• Skyward Specialty reported quarterly EPS of $1.30, exceeding analyst expectations of $1.17, while revenue reached $489.53 million. The stock opened at $56.30, compared with a 52-week range of $40.60 to $65.69.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $70; recent targets range as high as $75.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 46.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,129 shares of the company's stock after selling 48,271 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Skyward Specialty Insurance Group worth $3,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Skyward Specialty Insurance Group in the second quarter valued at approximately $3,018,000. Man Group plc purchased a new stake in Skyward Specialty Insurance Group in the second quarter worth $1,161,000. Deutsche Bank AG purchased a new stake in Skyward Specialty Insurance Group in the second quarter worth $2,731,000. Royce & Associates LP raised its stake in shares of Skyward Specialty Insurance Group by 24.9% in the fourth quarter. Royce & Associates LP now owns 202,659 shares of the company's stock valued at $10,358,000 after buying an additional 40,339 shares during the period. Finally, Reinhart Partners LLC. raised its stake in shares of Skyward Specialty Insurance Group by 4.1% in the second quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company's stock valued at $168,889,000 after buying an additional 113,623 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $56.30 on Friday. The business's fifty day moving average is $59.32 and its 200 day moving average is $51.29. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 13.12 and a beta of 0.33. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $65.69.

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

Analyst Upgrades and Downgrades

SKWD has been the subject of several recent research reports. Texas Capital raised Skyward Specialty Insurance Group to a "strong-buy" rating in a report on Tuesday, June 9th. Piper Sandler reaffirmed an "overweight" rating on shares of Skyward Specialty Insurance Group in a report on Monday, August 24th. Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods lifted their target price 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, August 10th. Finally, Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of "Moderate Buy" and an average target price of $70.00.

About Skyward Specialty Insurance Group

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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