Harbor Capital Advisors Inc. Sells 38,996 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Harbor Capital Advisors Inc. cut its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 49.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,544 shares of the company’s stock after selling 38,996 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.10% of Skyward Specialty Insurance Group worth $1,928,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Skyward Specialty Insurance Group by 2,223.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock valued at $35,000 after purchasing an additional 578 shares during the period. Osaic Holdings Inc. lifted its position in Skyward Specialty Insurance Group by 140.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock valued at $84,000 after acquiring an additional 855 shares in the last quarter. LRI Investments LLC lifted its position in Skyward Specialty Insurance Group by 39.4% in the 2nd quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock valued at $101,000 after acquiring an additional 496 shares in the last quarter. State of Wyoming boosted its stake in Skyward Specialty Insurance Group by 52.4% during the 1st quarter. State of Wyoming now owns 2,435 shares of the company’s stock valued at $129,000 after purchasing an additional 837 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth approximately $134,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the transaction, the insider owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. This trade represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $51.73 on Friday. The firm has a market cap of $2.09 billion, a P/E ratio of 15.26 and a beta of 0.55. The firm’s fifty day moving average is $47.91 and its 200 day moving average is $50.05. Skyward Specialty Insurance Group, Inc. has a 52 week low of $41.28 and a 52 week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.20. The business had revenue of $382.53 million during the quarter, compared to analyst estimates of $334.54 million. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SKWD shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, October 31st. Citigroup reissued an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Keefe, Bruyette & Woods upped their price target on Skyward Specialty Insurance Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Zacks Research raised Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Janney Montgomery Scott began coverage on Skyward Specialty Insurance Group in a research note on Monday, October 6th. They issued a “buy” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.27.

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.