32,005 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Acquired by Sparta 24 Ltd.

Sparta 24 Ltd. purchased a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,005 shares of the company’s stock, valued at approximately $1,398,000. Skyward Specialty Insurance Group makes up 1.6% of Sparta 24 Ltd.’s portfolio, making the stock its 7th largest position.

A number of other large investors also recently modified their holdings of SKWD. Vanguard Group Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after purchasing an additional 102,191 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Skyward Specialty Insurance Group by 49.8% during 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 in the last quarter. Invesco Ltd. grew its stake in shares of Skyward Specialty Insurance Group by 5.1% during the fourth quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock worth $74,194,000 after purchasing an additional 70,255 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Skyward Specialty Insurance Group by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock valued at $60,511,000 after buying an additional 33,677 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in 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 valued at $45,047,000 after buying an additional 762,079 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SKWD shares. Keefe, Bruyette & Woods raised their price target on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Piper Sandler increased their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday. Wall Street Zen lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.67.

Insiders Place Their Bets

In related news, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the sale, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gena L. Ashe sold 740 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director owned 4,570 shares in the company, valued at $211,819.50. This 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. Corporate insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $59.21 on Friday. The firm’s fifty day moving average price is $51.53 and its 200 day moving average price is $47.73. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 14.27 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $63.03.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the business earned $0.90 EPS. Skyward Specialty Insurance Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.9 earnings per share for the current year.

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.