Segall Bryant & Hamill LLC Sells 18,952 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

by · The Cerbat Gem

Segall Bryant & Hamill LLC trimmed its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) by 4.9% in the first quarter, Holdings Channel.com reports. The firm owned 365,887 shares of the company’s stock after selling 18,952 shares during the period. Segall Bryant & Hamill LLC’s holdings in Skyward Specialty Insurance Group were worth $15,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in shares of 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 buying an additional 40,339 shares during the last quarter. Teacher Retirement System of Texas boosted its stake 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 acquiring an additional 30,763 shares during the last quarter. UBS Group AG boosted its stake 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 acquiring an additional 72,196 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 102,191 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in Skyward Specialty Insurance Group by 49.8% during the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after acquiring an additional 803,217 shares during the period. 94.83% of the stock is owned by institutional investors.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Anthony J. Kuczinski acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $47.10 per share, with a total value of $94,200.00. Following the transaction, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. The trade was a 14.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gena L. Ashe sold 740 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the transaction, the director directly owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. The trade was 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 insiders.

Analysts Set New Price Targets

SKWD has been the subject of several recent research reports. Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered 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 research note on Tuesday, June 9th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Barclays increased their target price on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

Check Out Our Latest Report on SKWD

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $59.95 on Friday. The stock has a 50 day simple moving average of $54.34 and a 200 day simple moving average of $48.51. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $63.96. The firm has a market capitalization of $2.43 billion, a PE ratio of 14.45 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last announced its 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 the consensus estimate of $665.12 million. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current fiscal year.

About Skyward Specialty Insurance Group

(Free Report)

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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