Susquehanna Fundamental Investments LLC Boosts Stock Position in Skyward Specialty Insurance Group, Inc. $SKWD

Susquehanna Fundamental Investments LLC boosted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 329.0% in the second quarter, HoldingsChannel.com reports. The firm owned 58,370 shares of the company’s stock after acquiring an additional 44,764 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Skyward Specialty Insurance Group were worth $3,406,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SKWD. Royce & Associates LP boosted its stake in Skyward Specialty Insurance Group by 24.9% in the fourth quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock valued at $10,358,000 after acquiring an additional 40,339 shares in the last quarter. Deutsche Bank AG purchased a new position in Skyward Specialty Insurance Group in the second quarter worth $2,731,000. Reinhart Partners LLC. increased its position in shares of Skyward Specialty Insurance Group by 4.1% during the second quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company’s stock worth $168,889,000 after purchasing an additional 113,623 shares in the last quarter. UBS Group AG lifted its holdings 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 valued at $11,978,000 after purchasing an additional 72,196 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after purchasing an additional 102,191 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $57.41 on Tuesday. The business’s 50-day simple moving average is $59.43 and its two-hundred day simple moving average is $50.66. The company has a market cap of $2.55 billion, a PE ratio of 13.38 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $65.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The firm had revenue of $489.53 million during the quarter, compared to analysts’ expectations of $706.59 million. As a group, analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SKWD shares. Piper Sandler reissued an “overweight” rating on shares of Skyward Specialty Insurance Group in a report on Monday, August 24th. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods lifted their target price on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Truist Financial boosted their target price on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, TD Cowen upped their price target on shares of Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $68.64.

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.