D. E. Shaw & Co. Inc. Sells 83,249 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

D. E. Shaw & Co. Inc. cut its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,472 shares of the company's stock after selling 83,249 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.70% of Skyward Specialty Insurance Group worth $14,276,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Skyward Specialty Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock worth $114,990,000 after acquiring an additional 16,572 shares during the last quarter. American Century Companies Inc. boosted its position in Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock worth $79,744,000 after purchasing an additional 553,389 shares during the period. Invesco Ltd. increased its stake in shares of Skyward Specialty Insurance Group by 9.1% in the fourth quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock worth $61,524,000 after purchasing an additional 102,042 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Skyward Specialty Insurance Group by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock valued at $58,860,000 after purchasing an additional 47,363 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Skyward Specialty Insurance Group by 37.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company's stock valued at $52,995,000 after purchasing an additional 283,749 shares during the period. 94.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the sale, the director now owns 734 shares in the company, valued at $37,155.08. The trade was a 57.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the completion of the sale, the insider now directly owns 3,946 shares of the company's stock, valued at approximately $204,876.32. This represents a 61.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,132 shares of company stock worth $620,476 over the last three months. 8.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JMP Securities raised their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $62.00 to $59.00 in a research report on Friday, April 11th. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Finally, Citigroup restated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.13.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $59.75 on Wednesday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.42 and a 52-week high of $61.68. The stock has a fifty day moving average of $53.01 and a 200 day moving average of $50.29. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 0.81 and a beta of 0.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. During the same quarter last year, the company posted $0.75 EPS. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.

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