American Century Companies Inc. Buys 55,361 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

American Century Companies Inc. raised its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 654,123 shares of the company’s stock after purchasing an additional 55,361 shares during the period. American Century Companies Inc. owned 1.62% of Skyward Specialty Insurance Group worth $31,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SKWD. Vanguard Group Inc. increased its position in shares of Skyward Specialty Insurance Group by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,452,842 shares of the company’s stock valued at $116,657,000 after purchasing an additional 120,663 shares during the last quarter. Invesco Ltd. lifted its position in Skyward Specialty Insurance Group by 46.3% in the second quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock worth $103,452,000 after buying an additional 566,902 shares during the last quarter. Reinhart Partners LLC. lifted its position in Skyward Specialty Insurance Group by 68.2% in the third quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after buying an additional 654,500 shares during the last quarter. Franklin Resources Inc. boosted its stake in Skyward Specialty Insurance Group by 16.8% during the second quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock worth $79,730,000 after buying an additional 198,931 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in 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 during the period. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Trading Down 0.9%

NASDAQ:SKWD opened at $48.71 on Friday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $42.45 and a twelve month high of $65.05. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 11.97 and a beta of 0.54. The stock has a fifty day simple moving average of $46.48 and a 200-day simple moving average of $47.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. The firm had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SKWD. Raymond James Financial set a $66.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, December 5th. Citizens Jmp set a $80.00 price target on shares of Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Finally, Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.80.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider directly 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 legal filing with the SEC, which can be accessed through this link. Also, Director Christopher Locke Peirce purchased 3,200 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $47.30 per share, with a total value of $151,360.00. Following the purchase, the director directly owned 3,200 shares of the company’s stock, valued at approximately $151,360. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 30,500 shares of company stock valued at $1,433,546 in the last quarter. Corporate insiders own 8.01% of the company’s stock.

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.