Walleye Capital LLC Takes $720,000 Position in Skyward Specialty Insurance Group, Inc. $SKWD

Walleye Capital LLC acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,488 shares of the company’s stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new position in Skyward Specialty Insurance Group during the 4th quarter valued at $27,000. GAMMA Investing LLC grew its position in Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter worth about $37,000. Quarry LP raised its position in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after buying an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Skyward Specialty Insurance Group in the first quarter valued at about $60,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $60.46 on Friday. The firm has a fifty day moving average of $52.96 and a 200-day moving average of $48.03. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 14.57 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $63.03.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. On average, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SKWD shares. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Piper Sandler raised their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.67.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the purchase, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas N. Schmitt sold 8,397 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider directly owned 10,353 shares in the company, valued at $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.52% of the company’s stock.

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.