Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock Position Lifted by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC grew its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 18.5% in the second quarter, Holdings Channel.com reports. The fund owned 118,457 shares of the company’s stock after buying an additional 18,457 shares during the period. Ghisallo Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $4,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SKWD. Amalgamated Bank increased its stake in Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after purchasing an additional 279 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Skyward Specialty Insurance Group by 24.2% during the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock worth $111,000 after acquiring an additional 579 shares during the period. Arizona State Retirement System lifted its holdings in Skyward Specialty Insurance Group by 24.2% in the second quarter. Arizona State Retirement System now owns 9,516 shares of the company’s stock worth $344,000 after acquiring an additional 1,854 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Skyward Specialty Insurance Group by 67.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock valued at $204,000 after acquiring an additional 2,270 shares during the period. Finally, Diversified Trust Co boosted its stake in Skyward Specialty Insurance Group by 26.3% in the first quarter. Diversified Trust Co now owns 11,775 shares of the company’s stock valued at $441,000 after acquiring an additional 2,450 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $36.87, for a total transaction of $60,946.11. Following the completion of the sale, the director now owns 4,001 shares of the company’s stock, valued at approximately $147,516.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 0.5 %

SKWD opened at $40.94 on Wednesday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 15.05, a PEG ratio of 0.77 and a beta of 0.60. The stock has a fifty day moving average of $39.28 and a 200-day moving average of $37.46. Skyward Specialty Insurance Group, Inc. has a 12-month low of $26.81 and a 12-month high of $42.26.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. The firm had revenue of $279.94 million during the quarter, compared to analyst estimates of $282.70 million. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. During the same period last year, the company posted $0.42 EPS. On average, analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JMP Securities boosted their price objective on Skyward Specialty Insurance Group from $47.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 6th. William Blair initiated coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods boosted their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Piper Sandler increased their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Oppenheimer started coverage on shares of Skyward Specialty Insurance Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.78.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.