Langdon Equity Partners Invests $16.97 Million in Skyward Specialty Insurance Group, Inc. $SKWD

Langdon Equity Partners acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 303,458 shares of the company’s stock, valued at approximately $16,965,000. Skyward Specialty Insurance Group makes up approximately 8.7% of Langdon Equity Partners’ investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the last quarter. CWM LLC lifted its stake in Skyward Specialty Insurance Group by 19.4% during the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after purchasing an additional 327 shares during the last quarter. California State Teachers Retirement System lifted its stake in Skyward Specialty Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after purchasing an additional 341 shares during the last quarter. ProShare Advisors LLC lifted its stake in Skyward Specialty Insurance Group by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock worth $334,000 after purchasing an additional 423 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $27,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 4,570 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 purchased at an average price 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. The trade was a 14.31% increase in their position. The disclosure for this purchase is available in the SEC filing. 8.52% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Trading Down 1.5%

Shares of NASDAQ SKWD opened at $50.05 on Friday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $60.00. The stock has a 50 day moving average of $45.88 and a two-hundred day moving average of $46.39. The stock has a market cap of $2.03 billion, a P/E ratio of 12.06 and a beta of 0.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share 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 company had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SKWD. Barclays boosted their target price on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Wall Street Zen cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.