Royal Bank of Canada lifted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 504,858 shares of the company’s stock after acquiring an additional 99,786 shares during the period. Royal Bank of Canada’s holdings in Skyward Specialty Insurance Group were worth $22,052,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in Skyward Specialty Insurance Group in the 4th quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in Skyward Specialty Insurance Group in the 1st quarter worth approximately $37,000. Quarry LP lifted its position in Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after acquiring an additional 844 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $65,000. Finally, Fifth Third Bancorp bought a new stake in shares of Skyward Specialty Insurance Group in the first quarter valued at about $60,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.
Insider Buying and Selling
In related news, insider Thomas N. Schmitt sold 8,397 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony J. Kuczinski bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the acquisition, the director directly owned 15,977 shares in the company, valued at $752,516.70. The trade was a 14.31% increase in their position. The SEC filing for this purchase provides additional information. 8.52% of the stock is currently owned by corporate insiders.
Skyward Specialty Insurance Group Stock Performance
Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.13. The business had revenue of $489.53 million for the quarter, compared to analyst estimates of $706.59 million. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 19.61%. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current year.
Trending Headlines about Skyward Specialty Insurance Group
Here are the key news stories impacting Skyward Specialty Insurance Group this week:
- Positive Sentiment: New $100 million buyback: Skyward authorized the repurchase of up to $100 million of its common stock, signaling management’s confidence in the company’s valuation and potentially supporting earnings per share by reducing the share count. Skyward outlines $100M buyback authorization as operating EPS rises to $1.30
- Positive Sentiment: Operating earnings beat expectations: Second-quarter diluted operating EPS rose to $1.30 from $0.89 a year earlier, exceeding analyst estimates near $1.15-$1.17. Net operating income increased to $59.2 million from $37.5 million, while net income rose to $49.0 million from $38.8 million. Skyward Group Reports Second Quarter 2026 Results
- Positive Sentiment: Premium growth remained strong: Managed premiums increased 18% year over year to approximately $1.06 billion, gross written premiums grew 13% to $740.6 million, and net written premiums jumped 43% to $485.6 million. Fee-generating gross written premiums climbed 29%, supporting the company’s diversified growth strategy. Key metrics from Skyward’s second-quarter results
- Neutral Sentiment: Profitability improved, though returns were mixed: Second-quarter operating return on equity rose to 19.0% from 17.1% a year earlier, but reported annualized ROE declined to 15.7% from 17.7%. Investors may focus on whether operating momentum can persist.
- Negative Sentiment: Revenue comparisons are less clear: Reported revenue of approximately $489.5 million was below one published consensus estimate of $706.6 million, despite the earnings beat. The discrepancy may reflect differing insurance-revenue definitions, but it could temper enthusiasm if analysts interpret it as a top-line shortfall. Skyward Specialty Insurance Group earnings details
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SKWD shares. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. 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 report on Wednesday, July 8th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Finally, Piper Sandler increased their price objective on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.00.
Read Our Latest Analysis on Skyward Specialty Insurance Group
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.
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