41,555 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Acquired by Alamar Capital Management LLC

Alamar Capital Management LLC bought a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the first quarter, HoldingsChannel reports. The institutional investor bought 41,555 shares of the company’s stock, valued at approximately $1,815,000.

A number of other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth $27,000. GAMMA Investing LLC raised 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 valued at $29,000 after buying an additional 248 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter valued at $37,000. Quarry LP lifted its stake in Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after acquiring an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Skyward Specialty Insurance Group during the 1st quarter worth about $60,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Barclays increased their price target on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $67.67.

Insiders Place Their Bets

In other news, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony J. Kuczinski bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the transaction, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. The trade was a 14.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 8.52% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Price Performance

NASDAQ:SKWD opened at $57.93 on Thursday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $63.03. The firm has a market capitalization of $2.35 billion, a PE ratio of 13.96 and a beta of 0.34. The business’s fifty day moving average price is $52.40 and its 200 day moving average price is $47.87.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the previous year, the business earned $0.90 EPS. Skyward Specialty Insurance Group’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current year.

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.