Walleye Capital LLC Takes Position in Skyward Specialty Insurance Group, Inc. $SKWD

Walleye Capital LLC bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 1st quarter, HoldingsChannel reports. The fund bought 16,488 shares of the company’s stock, valued at approximately $720,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in Skyward Specialty Insurance Group by 30.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock valued at $332,000 after buying an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Skyward Specialty Insurance Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock worth $1,169,000 after acquiring an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 grew its position 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 last quarter. Finally, JPMorgan Chase & Co. grew its position in Skyward Specialty Insurance Group by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after acquiring an additional 5,913 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director directly owned 15,977 shares of the company’s stock, valued at $752,516.70. The trade was a 14.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas N. Schmitt sold 8,397 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.52% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Price Performance

SKWD stock opened at $60.46 on Friday. The company has a 50 day moving average price of $52.96 and a 200 day moving average price of $48.03. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $63.03. The stock has a market capitalization of $2.45 billion, a PE ratio of 14.57 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. As a group, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SKWD shares. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Piper Sandler raised their target price on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Barclays upped their price target 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, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.67.

About Skyward Specialty Insurance Group

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.