Jupiter Topco LLC Invests $870,000 in Skyward Specialty Insurance Group, Inc. $SKWD

Jupiter Topco LLC acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,900 shares of the company’s stock, valued at approximately $870,000.

Several other institutional investors have also recently added to or reduced their stakes in SKWD. Cassaday & Co Wealth Management LLC acquired a new stake in Skyward Specialty Insurance Group in the 1st quarter worth about $37,000. Quarry LP increased its position 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 worth $47,000 after acquiring an additional 844 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Skyward Specialty Insurance Group during the 4th quarter worth $65,000. Fifth Third Bancorp bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter worth about $60,000. Finally, Osaic Holdings Inc. increased its position in shares of Skyward Specialty Insurance Group by 140.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after purchasing an additional 855 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $57.34 on Friday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 13.37 and a beta of 0.33. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year high of $65.69. The firm’s 50 day moving average price is $59.58 and its two-hundred day moving average price is $50.95.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. The company had revenue of $489.53 million during the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%. As a group, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKWD has been the topic of several research analyst reports. Barclays increased their price target on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Truist Financial increased their target price on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen lifted their target price on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.64.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Thomas Schmitt sold 8,397 shares of the stock in a transaction on Friday, June 12th. The stock was 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 $531,315.96. This trade represents a 44.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.52% of the stock is 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.