Jane Street Group LLC Has $442,000 Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Jane Street Group LLC trimmed its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 71.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,746 shares of the company's stock after selling 21,739 shares during the quarter. Jane Street Group LLC's holdings in Skyward Specialty Insurance Group were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its stake in Skyward Specialty Insurance Group by 277.7% during the 3rd quarter. Barclays PLC now owns 64,032 shares of the company's stock valued at $2,608,000 after purchasing an additional 47,081 shares in the last quarter. Swedbank AB bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $15,164,000. Calamos Advisors LLC boosted its stake in Skyward Specialty Insurance Group by 3.4% during the fourth quarter. Calamos Advisors LLC now owns 60,246 shares of the company's stock worth $3,045,000 after buying an additional 1,995 shares during the period. WCM Investment Management LLC purchased a new stake in Skyward Specialty Insurance Group in the 4th quarter worth about $18,084,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $2,295,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ SKWD traded down $1.22 during trading on Wednesday, hitting $63.60. 16,919 shares of the company were exchanged, compared to its average volume of 371,034. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.42 and a 1 year high of $65.05. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.81 and a beta of 0.64. The firm's fifty day moving average price is $56.70 and its 200 day moving average price is $51.91.

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Barclays lifted their price objective on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Truist Financial lifted their target price on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wolfe Research restated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Finally, JMP Securities upped their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $61.75.

Insider Activity at Skyward Specialty Insurance Group

In related news, Chairman Kirby Hill sold 8,249 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total transaction of $502,116.63. Following the transaction, the chairman now directly owns 8,249 shares in the company, valued at $502,116.63. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the sale, the director now directly owns 734 shares in the company, valued at $37,155.08. The trade was a 57.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,081 shares of company stock valued at $795,496. Insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group 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.