VIRGINIA RETIREMENT SYSTEMS ET Al Invests $920,000 in Skyward Specialty Insurance Group, Inc. $SKWD

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds have also made changes to their positions in SKWD. Financial Management Professionals Inc. bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $27,000. GAMMA Investing LLC raised its stake in shares of Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares in the last quarter. Assetmark Inc. raised its stake in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after acquiring an additional 690 shares in the last quarter. Quarry LP raised its stake in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Skyward Specialty Insurance Group by 840.1% during the third quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after acquiring an additional 1,487 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $46.01 on Monday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.05. The company’s 50 day moving average is $44.98 and its 200 day moving average is $46.46. The company has a market cap of $1.87 billion, a PE ratio of 11.09 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $665.12 million. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SKWD. Zacks Research downgraded shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Piper Sandler reduced their target price on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Weiss Ratings downgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $65.75.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Christopher Locke Peirce purchased 3,200 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $47.30 per share, with a total value of $151,360.00. Following the purchase, the director owned 3,200 shares of the company’s stock, valued at $151,360. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Robinson acquired 22,100 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $46.76 per share, for a total transaction of $1,033,396.00. Following the completion of the acquisition, the chief executive officer owned 167,674 shares in the company, valued at $7,840,436.24. The trade was a 15.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 30,500 shares of company stock worth $1,433,546 over the last 90 days. 8.52% of the stock is owned by insiders.

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.