Bessemer Group Inc. Has $353,000 Position in Skyward Specialty Insurance Group, Inc. $SKWD

Bessemer Group Inc. decreased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 69.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 8,075 shares of the company’s stock after selling 18,370 shares during the period. Bessemer Group Inc.’s holdings in Skyward Specialty Insurance Group were worth $353,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in shares of Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after acquiring an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after purchasing an additional 967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Skyward Specialty Insurance Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock worth $5,282,000 after purchasing an additional 14,217 shares in the last quarter. Jane Street Group LLC increased its holdings in Skyward Specialty Insurance Group by 286.1% during the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after purchasing an additional 25,022 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Skyward Specialty Insurance Group by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after purchasing an additional 5,913 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $60.46 on Friday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $63.03. The company has a 50-day simple moving average of $52.96 and a two-hundred day simple moving average of $48.03. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.57 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Piper Sandler upped their price target on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Wall Street Zen lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $67.67.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 on Thursday, May 21st. The stock was acquired at an average price of $47.10 per share, with a total value of $94,200.00. Following the purchase, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 8.52% of the stock is currently owned by company insiders.

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.