JPMorgan Chase & Co. Has $3.88 Million Stake in Skyward Specialty Insurance Group, Inc. $SKWD

JPMorgan Chase & Co. lowered its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 23.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,498 shares of the company’s stock after selling 24,541 shares during the period. JPMorgan Chase & Co. owned about 0.20% of Skyward Specialty Insurance Group worth $3,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SKWD. Assetmark Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after purchasing an additional 690 shares in the last quarter. Quarry LP increased its stake in shares of Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after buying an additional 844 shares during the period. PNC Financial Services Group Inc. raised its holdings in Skyward Specialty Insurance Group by 840.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after buying an additional 1,487 shares during the last quarter. Osaic Holdings Inc. boosted its position in Skyward Specialty Insurance Group by 140.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after buying an additional 855 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Skyward Specialty Insurance Group during the 3rd quarter worth approximately $89,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Activity at Skyward Specialty Insurance Group

In other news, Director Christopher Locke Peirce purchased 3,200 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were acquired at an average price of $47.30 per share, with a total value of $151,360.00. Following the completion of the transaction, the director owned 3,200 shares of the company’s stock, valued at $151,360. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Robinson purchased 22,100 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were acquired at an average price of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the acquisition, the chief executive officer owned 167,674 shares in the company, valued at approximately $7,840,436.24. This trade represents a 15.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 30,500 shares of company stock worth $1,433,546 over the last quarter. Company insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $43.93 on Friday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $65.05. The company has a 50 day simple moving average of $45.01 and a two-hundred day simple moving average of $46.81. The company has a market capitalization of $1.96 billion, a PE ratio of 10.79 and a beta of 0.61.

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 analysts’ consensus estimates 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 firm had revenue of $385.59 million for the quarter, compared to the consensus estimate of $380.86 million. During the same quarter in the previous year, the company earned $0.80 EPS. Research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SKWD. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Susquehanna set a $80.00 price target on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Piper Sandler reduced 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. Barclays set a $63.00 price objective on Skyward Specialty Insurance Group in a report on Thursday, January 8th. Finally, Raymond James Financial set a $66.00 target price on Skyward Specialty Insurance Group in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $65.80.

About Skyward Specialty Insurance Group

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.