WCM Investment Management LLC Sells 117,262 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

WCM Investment Management LLC lowered its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 36.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 206,443 shares of the company’s stock after selling 117,262 shares during the quarter. WCM Investment Management LLC’s holdings in Skyward Specialty Insurance Group were worth $9,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SKWD. Financial Management Professionals Inc. bought a new stake in Skyward Specialty Insurance Group during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC raised its position in Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares during the period. Quarry LP raised its position in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after acquiring an additional 844 shares during the period. Fifth Third Bancorp purchased a new position in shares of Skyward Specialty Insurance Group during the 1st quarter worth $60,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth $65,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD opened at $60.71 on Tuesday. The company has a market capitalization of $2.46 billion, a P/E ratio of 14.63 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 1-year low of $40.60 and a 1-year high of $63.03. The firm’s 50 day simple moving average is $51.83 and its two-hundred day simple moving average is $47.76.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the purchase, the director owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. This represents a 14.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gena L. Ashe sold 740 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following 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 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Barclays boosted their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Finally, Capital One Financial set a $59.00 price target on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.67.

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.