Skyward Specialty Insurance Group, Inc. $SKWD Stock Holdings Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 36.5% in the fourth quarter, HoldingsChannel reports. The fund owned 272,979 shares of the company’s stock after selling 157,102 shares during the period. Rockefeller Capital Management L.P.’s holdings in Skyward Specialty Insurance Group were worth $13,952,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SKWD. Teacher Retirement System of Texas lifted 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 worth $7,534,000 after purchasing an additional 30,763 shares during the period. UBS Group AG raised its position in shares of Skyward Specialty Insurance Group by 44.5% during the 4th quarter. UBS Group AG now owns 234,366 shares of the company’s stock worth $11,978,000 after buying an additional 72,196 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Skyward Specialty Insurance Group by 24.9% in the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock worth $10,358,000 after acquiring an additional 40,339 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Skyward Specialty Insurance Group by 9.2% during the third quarter. American Century Companies Inc. now owns 654,123 shares of the company’s stock valued at $31,110,000 after acquiring an additional 55,361 shares during the period. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 4.1%

SKWD opened at $52.88 on Wednesday. The firm has a market cap of $2.14 billion, a PE ratio of 12.74 and a beta of 0.49. The business has a fifty day simple moving average of $46.70 and a 200-day simple moving average of $46.51. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (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 company had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the previous year, the firm earned $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 16th. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Barclays lifted their target price on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Piper Sandler reduced their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.00.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of the business’s 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 in the company, valued at approximately $211,819.50. The trade was a 13.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski acquired 2,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director directly owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. This represents a 14.31% increase in their position. The disclosure for this purchase is available in the SEC filing. 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.