Strs Ohio Sells 81,689 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Strs Ohio trimmed its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 93.3% in the 1st quarter, HoldingsChannel reports. The firm owned 5,900 shares of the company’s stock after selling 81,689 shares during the period. Strs Ohio’s holdings in Skyward Specialty Insurance Group were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SKWD. Integrated Wealth Concepts LLC grew its holdings in Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock valued at $332,000 after purchasing an additional 1,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after acquiring an additional 967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Skyward Specialty Insurance Group by 16.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock worth $5,282,000 after acquiring an additional 14,217 shares in the last quarter. Jane Street Group LLC raised its stake in Skyward Specialty Insurance Group by 286.1% during the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after acquiring an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Skyward Specialty Insurance Group by 5.9% during the second quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock valued at $6,128,000 after purchasing an additional 5,913 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. One investment 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.com, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.22.

Skyward Specialty Insurance Group Stock Down 1.3%

Skyward Specialty Insurance Group stock traded down $0.76 during mid-day trading on Friday, reaching $59.34. 649,522 shares of the company’s stock traded hands, compared to its average volume of 670,454. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $63.03. The stock has a 50 day moving average of $50.18 and a two-hundred day moving average of $47.49. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 14.30 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.94 earnings per share for the current year.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the sale, the director directly owned 4,570 shares in the company, valued at $211,819.50. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 stock was bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the acquisition, the director owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their position. The disclosure for this purchase is available in the SEC filing. 8.52% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group 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.