Dockside LLC Makes New $888,000 Investment in Skyward Specialty Insurance Group, Inc. $SKWD

Dockside LLC acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,371 shares of the company’s stock, valued at approximately $888,000.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Skyward Specialty Insurance Group during the 4th quarter worth $27,000. GAMMA Investing LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after buying an additional 690 shares during the last quarter. Quarry LP boosted its holdings in shares of Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $65,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the transaction, the director owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski acquired 2,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $47.10 per share, with a total value of $94,200.00. Following the purchase, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. This represents a 14.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.52% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of Skyward Specialty Insurance Group stock opened at $50.05 on Monday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $60.00. The stock’s 50-day simple moving average is $45.88 and its 200 day simple moving average is $46.38. The stock has a market capitalization of $2.03 billion, a P/E ratio of 12.06 and a beta of 0.50.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current fiscal year.

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.