WCM Investment Management LLC Sells 53,204 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

WCM Investment Management LLC reduced its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,656 shares of the company’s stock after selling 53,204 shares during the quarter. WCM Investment Management LLC owned about 0.95% of Skyward Specialty Insurance Group worth $18,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SKWD. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Skyward Specialty Insurance Group by 2,223.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock valued at $35,000 after acquiring an additional 578 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 140.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after buying an additional 855 shares during the period. LRI Investments LLC raised its holdings in shares of Skyward Specialty Insurance Group by 39.4% in the second quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock valued at $101,000 after acquiring an additional 496 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Skyward Specialty Insurance Group in the third quarter worth about $89,000. Finally, Quantbot Technologies LP bought a new position in Skyward Specialty Insurance Group during the 2nd quarter worth about $134,000. Institutional investors own 94.83% of the company’s stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider owned 8,059 shares of the company’s stock, valued at $403,030.59. This trade represents a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 7.86% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $44.82 on Tuesday. Skyward Specialty Insurance Group, Inc. has a 1 year low of $43.35 and a 1 year high of $65.05. The stock has a market capitalization of $1.81 billion, a PE ratio of 13.22 and a beta of 0.55. The stock has a 50-day simple moving average of $48.00 and a 200-day simple moving average of $48.16.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a report on Wednesday, January 28th. Piper Sandler upped their target price on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Susquehanna set a $80.00 target price on Skyward Specialty Insurance Group in a report on Friday, January 16th. Finally, JMP Securities set a $80.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $67.82.

Skyward Specialty Insurance Group Company 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.