Alamar Capital Management LLC Has $2.21 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Alamar Capital Management LLC decreased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 33.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,475 shares of the company’s stock after selling 23,460 shares during the period. Alamar Capital Management LLC owned about 0.11% of Skyward Specialty Insurance Group worth $2,210,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Campbell Newman Asset Management Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 1.0% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock worth $1,299,000 after buying an additional 265 shares in the last quarter. California State Teachers Retirement System boosted its stake in Skyward Specialty Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after buying an additional 341 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Skyward Specialty Insurance Group by 5.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,516 shares of the company’s stock valued at $492,000 after acquiring an additional 460 shares during the period. Intech Investment Management LLC grew its position in Skyward Specialty Insurance Group by 3.6% in the third quarter. Intech Investment Management LLC now owns 16,984 shares of the company’s stock valued at $808,000 after acquiring an additional 584 shares during the period. Finally, Assetmark Inc. raised its stake in Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after acquiring an additional 690 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SKWD. Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Susquehanna set a $80.00 price target on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a research report on Thursday, January 8th. Finally, Piper Sandler decreased their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $65.80.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Anthony J. Kuczinski purchased 2,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $48.79 per share, with a total value of $97,580.00. Following the completion of the acquisition, the director directly owned 10,903 shares in the company, valued at approximately $531,957.37. This trade represents a 22.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Robinson acquired 22,100 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average price of $46.76 per share, with a total value of $1,033,396.00. Following the transaction, the chief executive officer directly owned 167,674 shares in the company, valued at $7,840,436.24. The trade was a 15.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 30,500 shares of company stock valued at $1,433,546. Insiders own 7.86% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $48.71 on Monday. The business has a fifty day moving average of $46.48 and a 200-day moving average of $47.47. Skyward Specialty Insurance Group, Inc. has a twelve month low of $42.45 and a twelve month high of $65.05. The firm has a market cap of $2.17 billion, a PE ratio of 11.97 and a beta of 0.54.

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

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.