Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,899 shares of the company's stock after selling 41,456 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.06% of Skyward Specialty Insurance Group worth $21,424,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SKWD. Barclays PLC raised its stake in Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company's stock valued at $2,608,000 after buying an additional 47,081 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company's stock worth $3,515,000 after acquiring an additional 21,346 shares in the last quarter. Ellsworth Advisors LLC purchased a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $676,000. Kirr Marbach & Co. LLC IN purchased a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $252,000. Finally, Swedbank AB acquired a new position in Skyward Specialty Insurance Group in the fourth quarter valued at approximately $15,164,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Skyward Specialty Insurance Group Stock Up 1.7%

SKWD traded up $1.05 on Friday, hitting $63.61. 299,332 shares of the company traded hands, compared to its average volume of 374,031. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.42 and a 12-month high of $63.68. The company has a 50 day moving average of $53.57 and a 200-day moving average of $50.48. The stock has a market capitalization of $2.57 billion, a PE ratio of 19.39, a PEG ratio of 0.81 and a beta of 0.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its 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 business had revenue of $328.53 million for the quarter, compared to analyst estimates of $310.94 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Chairman Kirby Hill sold 8,249 shares of Skyward Specialty Insurance Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.87, for a total value of $502,116.63. Following the sale, the chairman now owns 8,249 shares of the company's stock, valued at $502,116.63. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the transaction, the insider now directly owns 3,946 shares of the company's stock, valued at $204,876.32. This represents a 61.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,381 shares of company stock valued at $1,122,592. 8.01% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SKWD. 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. Truist Financial boosted their price target 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. JMP Securities upped their price objective on shares of 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. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Finally, Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.13.

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.