Emerald Advisers LLC Reduces Stock Position in Skyward Specialty Insurance Group, Inc. $SKWD

Emerald Advisers LLC trimmed its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.5% in the first quarter, Holdings Channel.com reports. The fund owned 627,908 shares of the company’s stock after selling 29,760 shares during the period. Emerald Advisers LLC’s holdings in Skyward Specialty Insurance Group were worth $27,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Royce & Associates LP raised its holdings in Skyward Specialty Insurance Group by 24.9% during the fourth quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock worth $10,358,000 after purchasing an additional 40,339 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Skyward Specialty Insurance Group by 26.4% in the fourth quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company’s stock valued at $7,534,000 after purchasing an additional 30,763 shares during the last quarter. UBS Group AG grew its holdings in Skyward Specialty Insurance Group by 44.5% in the fourth quarter. UBS Group AG now owns 234,366 shares of the company’s stock valued at $11,978,000 after purchasing an additional 72,196 shares during the last quarter. Vanguard Group Inc. grew its holdings in Skyward Specialty Insurance Group by 4.2% in the fourth 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 during the last quarter. Finally, 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 valued at $123,521,000 after buying an additional 803,217 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SKWD shares. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Keefe, Bruyette & Woods lifted their target price on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Finally, Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.22.

Skyward Specialty Insurance Group Stock Up 0.7%

SKWD opened at $59.76 on Tuesday. The firm has a market cap of $2.42 billion, a P/E ratio of 14.40 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. The business’s fifty day simple moving average is $50.47 and its 200 day simple moving average is $47.52.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The firm had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter last year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the sale, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. This trade represents a 44.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the sale, the director owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. This trade represents a 13.94% decrease in their ownership of the stock. 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.

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.