Janus Henderson Group PLC lessened its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) by 69.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,900 shares of the company’s stock after selling 33,834 shares during the period. Janus Henderson Group PLC’s holdings in Skyward Specialty Insurance Group were worth $651,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock worth $130,588,000 after acquiring an additional 102,191 shares during the last quarter. Reinhart Partners LLC. raised its holdings in Skyward Specialty Insurance Group by 49.8% in the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after acquiring an additional 803,217 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Skyward Specialty Insurance Group by 5.1% during the 4th quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock worth $74,194,000 after purchasing an additional 70,255 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Skyward Specialty Insurance Group by 2.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock worth $60,511,000 after purchasing an additional 33,677 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Skyward Specialty Insurance Group by 411.7% during the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after purchasing an additional 762,079 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.
Skyward Specialty Insurance Group Price Performance
Shares of NASDAQ:SKWD opened at $62.00 on Tuesday. The firm has a market capitalization of $2.51 billion, a PE ratio of 14.45 and a beta of 0.34. The business has a 50-day moving average of $56.40 and a two-hundred day moving average of $49.24. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $65.69.
Insider Activity at Skyward Specialty Insurance Group
In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 2,000 shares of the firm’s stock in a transaction 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 purchase, the director directly owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas N. 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 transaction of $430,934.04. Following the completion of the sale, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 8.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SKWD. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Capital One Financial set a $59.00 price target on Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Truist Financial upped their price objective on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average price target of $69.00.
View Our Latest Report on Skyward Specialty Insurance Group
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.
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