Aberdeen Group plc Cuts Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Aberdeen Group plc cut its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,106 shares of the company’s stock after selling 29,182 shares during the quarter. Aberdeen Group plc owned 0.75% of Skyward Specialty Insurance Group worth $14,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Reinhart Partners LLC. increased its holdings in shares of Skyward Specialty Insurance Group by 68.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock valued at $76,740,000 after purchasing an additional 654,500 shares in the last quarter. Invesco Ltd. increased its position in Skyward Specialty Insurance Group by 46.3% during the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock worth $103,452,000 after purchasing an additional 566,902 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 46.7% during the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock worth $54,682,000 after buying an additional 301,288 shares in the last quarter. Franklin Resources Inc. raised its holdings in Skyward Specialty Insurance Group by 16.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock valued at $79,730,000 after acquiring an additional 198,931 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Skyward Specialty Insurance Group in the second quarter valued at $10,696,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Transactions at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of the company’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 transaction, the insider owned 8,059 shares of the company’s stock, valued at $403,030.59. This represents a 38.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SKWD has been the topic of a number of research analyst reports. Citizens Jmp set a $80.00 target price on Skyward Specialty Insurance Group in a report on Thursday, December 4th. Barclays set a $63.00 target price on Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Piper Sandler upped their price objective on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Raymond James Financial set a $66.00 price target on shares of Skyward Specialty Insurance Group in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.60.

Skyward Specialty Insurance Group Stock Performance

SKWD opened at $45.84 on Friday. The firm has a 50-day moving average of $47.28 and a 200 day moving average of $47.60. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $42.45 and a fifty-two week high of $65.05. The firm has a market cap of $1.86 billion, a P/E ratio of 13.52 and a beta of 0.55.

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.