Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Janus Henderson Group PLC

Key Points

• Janus Henderson Group cut its Skyward Specialty Insurance stake by 69.4% in the first quarter, selling 33,834 shares and retaining 14,900 shares valued at $651,000. Institutional investors collectively own 94.83% of the company.
• Analyst sentiment remains positive, with one Strong Buy, nine Buy and two Hold ratings. The stock has a “Moderate Buy” consensus and a $69 average price target.
• Skyward Specialty reported quarterly EPS of $1.30, beating estimates of $1.17, while shares opened at $62.00 and traded near their 52-week high of $65.69.

Janus Henderson Group PLC trimmed its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 69.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,900 shares of the company's stock after selling 33,834 shares during the quarter. Janus Henderson Group PLC's holdings in Skyward Specialty Insurance Group were worth $651,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Reinhart Partners LLC. lifted its position in Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company's stock valued at $123,521,000 after purchasing an additional 803,217 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Skyward Specialty Insurance Group by 411.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company's stock worth $45,047,000 after buying an additional 762,079 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of Skyward Specialty Insurance Group during the 3rd quarter worth approximately $24,234,000. Sei Investments Co. lifted its holdings in shares of Skyward Specialty Insurance Group by 397.5% in the 1st quarter. Sei Investments Co. now owns 433,298 shares of the company's stock valued at $18,926,000 after buying an additional 346,202 shares during the period. Finally, Langdon Equity Partners acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at approximately $16,965,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SKWD. Weiss Ratings raised Skyward Specialty Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods raised their target price on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Monday. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday. Texas Capital raised shares of Skyward Specialty Insurance Group to a "strong-buy" rating in a research note on Tuesday, June 9th. Finally, Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and a consensus price target of $69.00.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 8,397 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the transaction, the insider directly owned 10,353 shares of the company's stock, valued at $531,315.96. This trade represents a 44.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony J. Kuczinski acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the transaction, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. The trade was a 14.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 8.52% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $62.00 on Tuesday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $65.69. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.45 and a beta of 0.34. The stock's fifty day moving average is $56.40 and its two-hundred day moving average is $49.24.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. The business 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 19.61% and a net margin of 10.84%. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.91 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source