Public Employees Retirement System of Ohio Acquires Shares of 12,779 Skyward Specialty Insurance Group, Inc. $SKWD

Public Employees Retirement System of Ohio bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,779 shares of the company’s stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Skyward Specialty Insurance Group by 4.2% during 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. Reinhart Partners LLC. lifted its stake in Skyward Specialty Insurance Group by 49.8% in the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after purchasing an additional 803,217 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Skyward Specialty Insurance Group by 5.1% during the 4th quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock valued at $74,194,000 after purchasing an additional 70,255 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Skyward Specialty Insurance Group by 2.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock valued at $60,511,000 after purchasing an additional 33,677 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of 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 purchasing an additional 762,079 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Insider Activity

In related news, Director Anthony J. Kuczinski purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the acquisition, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gena L. Ashe sold 740 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the completion of the sale, the director owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. This represents a 13.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 8.52% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the topic of several research reports. Barclays lifted their target price on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Piper Sandler upped their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. One 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.67.

Skyward Specialty Insurance Group Trading Up 1.1%

SKWD opened at $61.57 on Wednesday. The firm has a market cap of $2.50 billion, a P/E ratio of 14.84 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $63.96. The stock has a 50-day moving average of $54.89 and a 200 day moving average of $48.75.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The company had revenue of $489.53 million for the quarter, compared to analysts’ expectations of $706.59 million. On average, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.88 earnings per share for the current fiscal year.

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.