Reinhart Partners LLC. Grows Stock Position in Skyward Specialty Insurance Group, Inc. $SKWD

Reinhart Partners LLC. boosted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 49.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,416,753 shares of the company’s stock after acquiring an additional 803,217 shares during the period. Skyward Specialty Insurance Group comprises 3.7% of Reinhart Partners LLC.’s holdings, making the stock its 6th biggest holding. Reinhart Partners LLC. owned approximately 0.06% of Skyward Specialty Insurance Group worth $123,521,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SKWD. Balyasny Asset Management L.P. increased its stake in Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after acquiring an additional 762,079 shares during the last quarter. Freestone Grove Partners LP bought a new position in Skyward Specialty Insurance Group in the third quarter valued at $24,234,000. Ameriprise Financial Inc. increased its stake in Skyward Specialty Insurance Group by 46.7% in the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock valued at $54,682,000 after acquiring an additional 301,288 shares during the last quarter. GW&K Investment Management LLC increased its stake in Skyward Specialty Insurance Group by 309.7% in the third quarter. GW&K Investment Management LLC now owns 358,879 shares of the company’s stock valued at $17,069,000 after acquiring an additional 271,281 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in Skyward Specialty Insurance Group by 118.9% in the third quarter. Two Sigma Investments LP now owns 471,957 shares of the company’s stock valued at $22,446,000 after acquiring an additional 256,311 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Down 0.2%

NASDAQ SKWD opened at $44.10 on Wednesday. The company has a 50-day simple moving average of $45.19 and a two-hundred day simple moving average of $46.48. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.01. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 10.63 and a beta of 0.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the business posted $0.90 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKWD has been the subject of several analyst reports. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Piper Sandler cut their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $65.75.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 740 shares of the 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. This represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the acquisition, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. This trade represents a 14.31% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 8.52% of the company’s stock.

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.