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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 46.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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’s holdings in Skyward Specialty Insurance Group were worth $3,217,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Skyward Specialty Insurance Group in the second quarter worth $214,576,000. Reinhart Partners LLC. boosted its stake in 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 valued at $123,521,000 after buying an additional 803,217 shares during the period. Balyasny Asset Management L.P. boosted its stake in Skyward Specialty Insurance Group by 411.7% during 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 period. Wasatch Advisors LP grew its position in Skyward Specialty Insurance Group by 198.5% during the second quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock worth $55,694,000 after buying an additional 634,708 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Skyward Specialty Insurance Group during the third quarter worth about $24,234,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SKWD has been the topic of several recent analyst reports. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Barclays boosted their price objective on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Skyward Specialty Insurance Group Stock Down 0.1%

NASDAQ SKWD opened at $56.30 on Friday. The stock’s 50-day simple moving average is $59.32 and its two-hundred day simple moving average is $51.29. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.69. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 13.12 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The firm had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. On average, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current fiscal year.

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.