Dockside LLC Acquires New Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Dockside LLC acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,371 shares of the company’s stock, valued at approximately $888,000.

Other hedge funds also recently bought and sold shares of the company. Reinhart Partners LLC. increased its position in shares of Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after purchasing an additional 803,217 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after purchasing an additional 762,079 shares during the last quarter. Freestone Grove Partners LP bought a new position in shares of Skyward Specialty Insurance Group in the third quarter worth approximately $24,234,000. Langdon Equity Partners bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $16,965,000. Finally, Ameriprise Financial Inc. increased 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 purchasing an additional 301,288 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $50.05 on Monday. The firm has a market cap of $2.03 billion, a P/E ratio of 12.06 and a beta of 0.50. The stock has a 50 day simple moving average of $45.88 and a two-hundred day simple moving average of $46.38. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.Skyward Specialty Insurance Group’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, equities analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current year.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Anthony J. Kuczinski acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gena L. Ashe sold 740 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the sale, the director directly owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. This trade represents a 13.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler decreased their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Wall Street Zen cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

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.