Y Intercept Hong Kong Ltd Sells 19,075 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Y Intercept Hong Kong Ltd reduced its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 43.3% during the 1st quarter, HoldingsChannel reports. The firm owned 25,016 shares of the company’s stock after selling 19,075 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Skyward Specialty Insurance Group were worth $1,093,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Royce & Associates LP boosted its stake in Skyward Specialty Insurance Group by 24.9% during the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock valued at $10,358,000 after purchasing an additional 40,339 shares during the period. Teacher Retirement System of Texas increased its position in Skyward Specialty Insurance Group by 26.4% in the 4th quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company’s stock worth $7,534,000 after buying an additional 30,763 shares during the period. UBS Group AG lifted its holdings in shares of Skyward Specialty Insurance Group by 44.5% during the fourth 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 worth $130,588,000 after buying an additional 102,191 shares during the last quarter. Finally, Chilton Investment Co. Inc. boosted its position in shares of Skyward Specialty Insurance Group by 48.5% in the third quarter. Chilton Investment Co. Inc. now owns 160,502 shares of the company’s stock valued at $7,633,000 after acquiring an additional 52,439 shares during the period. 94.83% of the stock is currently owned by institutional investors.

Insider Transactions at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gena L. Ashe sold 740 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the sale, the director directly owned 4,570 shares in the company, valued at approximately $211,819.50. The trade was a 13.94% decrease in their position. 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. 8.52% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SKWD. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods increased their price target 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. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.22.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD traded down $0.76 on Friday, reaching $59.34. 649,522 shares of the stock traded hands, compared to its average volume of 670,454. The stock’s 50-day moving average price is $50.18 and its 200-day moving average price is $47.49. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 14.30 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 $63.03.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued 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 return on equity of 18.24% and a net margin of 11.36%.The firm had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the business earned $0.90 earnings per share. Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.94 earnings per share for the current fiscal year.

About Skyward Specialty Insurance Group

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.