WCM Investment Management LLC Lowers Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

WCM Investment Management LLC reduced its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 12.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 386,656 shares of the company’s stock after selling 53,204 shares during the quarter. WCM Investment Management LLC’s holdings in Skyward Specialty Insurance Group were worth $18,215,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Campbell Newman Asset Management Inc. boosted its holdings in shares of Skyward Specialty Insurance Group by 1.0% in the third quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock valued at $1,299,000 after acquiring an additional 265 shares in the last quarter. California State Teachers Retirement System lifted its position in Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after purchasing an additional 341 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Skyward Specialty Insurance Group by 5.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,516 shares of the company’s stock valued at $492,000 after purchasing an additional 460 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Skyward Specialty Insurance Group by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,756 shares of the company’s stock worth $622,000 after purchasing an additional 479 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 10.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,041 shares of the company’s stock valued at $291,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares in the company, valued at $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on SKWD. Susquehanna set a $80.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Raymond James Financial set a $66.00 price target on Skyward Specialty Insurance Group in a report on Friday, December 5th. Citizens Jmp boosted their target price on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, December 4th. Finally, Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $67.82.

Skyward Specialty Insurance Group Trading Up 0.4%

NASDAQ SKWD opened at $44.82 on Tuesday. Skyward Specialty Insurance Group, Inc. has a 52 week low of $43.35 and a 52 week high of $65.05. The company’s fifty day simple moving average is $48.00 and its 200-day simple moving average is $48.16. The stock has a market cap of $1.81 billion, a P/E ratio of 13.22 and a beta of 0.55.

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.