Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 22.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,344 shares of the company’s stock after selling 17,665 shares during the period. Principal Financial Group Inc. owned 0.15% of Skyward Specialty Insurance Group worth $2,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SKWD. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 last quarter. Osaic Holdings Inc. raised its holdings 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 buying an additional 855 shares during the period. State of Alaska Department of Revenue acquired a new position in Skyward Specialty Insurance Group in the third quarter valued at about $89,000. Quantbot Technologies LP purchased a new position in Skyward Specialty Insurance Group during the second quarter worth about $134,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Skyward Specialty Insurance Group during the second quarter valued at about $144,000. 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 business’s stock in a transaction dated 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 directly owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. The trade was 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 the SEC website. 7.86% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Stock Down 1.1%

NASDAQ:SKWD opened at $45.25 on Tuesday. Skyward Specialty Insurance Group, Inc. has a 52 week low of $42.45 and a 52 week high of $65.05. The company has a fifty day simple moving average of $47.42 and a two-hundred day simple moving average of $47.66. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 13.35 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SKWD. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JMP Securities set a $80.00 target price on Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price 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.