Emerald Advisers LLC Trims Stock Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Emerald Advisers LLC decreased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 684,742 shares of the company’s stock after selling 33,018 shares during the quarter. Emerald Advisers LLC owned about 1.69% of Skyward Specialty Insurance Group worth $32,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $35,000 after purchasing an additional 578 shares during the period. Osaic Holdings Inc. boosted its position in shares of Skyward Specialty Insurance Group by 140.9% in the second quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock valued at $84,000 after acquiring an additional 855 shares during the period. State of Alaska Department of Revenue purchased a new position in Skyward Specialty Insurance Group during the third quarter valued at approximately $89,000. LRI Investments LLC increased its holdings in Skyward Specialty Insurance Group by 39.4% during the 2nd quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock worth $101,000 after acquiring an additional 496 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $134,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ SKWD opened at $45.34 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 13.37 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a one year low of $41.28 and a one year high of $65.05. The firm’s 50 day simple moving average is $48.47 and its two-hundred day simple moving average is $48.70.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. The company had revenue of $382.53 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.71 EPS. As a group, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $50.01, for a total value of $251,550.30. Following the transaction, the insider owned 8,059 shares in the company, valued at approximately $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.01% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the topic of several research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. JMP Securities set a $80.00 target price on Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Barclays set a $63.00 price target on Skyward Specialty Insurance Group in a research report on Thursday, January 8th. Citizens Jmp upped their price objective on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, December 4th. Finally, Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $67.82.

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.