Public Employees Retirement System of Ohio Acquires Shares of 22,585 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 second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 22,585 shares of the company’s stock, valued at approximately $1,318,000. Public Employees Retirement System of Ohio owned approximately 0.05% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Man Group plc bought a new position in Skyward Specialty Insurance Group in the second quarter worth approximately $1,161,000. Deutsche Bank AG purchased a new position in Skyward Specialty Insurance Group during the 2nd quarter worth $2,731,000. Royce & Associates LP raised its position 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 in the last quarter. Reinhart Partners LLC. increased its stake 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 valued at $168,889,000 after buying an additional 113,623 shares during the period. Finally, UBS Group AG increased its stake 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 valued at $11,978,000 after buying an additional 72,196 shares during the period. 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 $56.53 on Wednesday. The stock has a market cap of $2.51 billion, a PE ratio of 13.18 and a beta of 0.33. The stock has a 50-day moving average of $59.48 and a two-hundred day moving average of $51.15. Skyward Specialty Insurance Group, Inc. has a one year low of $40.60 and a one year high of $65.69.

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

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas Schmitt sold 8,397 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 10,353 shares of the company’s stock, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SKWD shares. Truist Financial upped their price objective on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Barclays increased their target price on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.