Trexquant Investment LP Boosts Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Trexquant Investment LP boosted its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 59.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,775 shares of the company's stock after acquiring an additional 10,392 shares during the quarter. Trexquant Investment LP owned 0.07% of Skyward Specialty Insurance Group worth $1,404,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SKWD. Barclays PLC grew its position in shares of 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 purchasing an additional 47,081 shares during the period. Principal Financial Group Inc. boosted its holdings in Skyward Specialty Insurance Group by 49.8% in the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company's stock worth $4,240,000 after buying an additional 34,612 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 buying an additional 21,346 shares in the last quarter. State Street Corp increased its stake in Skyward Specialty Insurance Group by 10.8% during the 3rd quarter. State Street Corp now owns 844,233 shares of the company's stock worth $34,386,000 after buying an additional 82,328 shares in the last quarter. Finally, Ellsworth Advisors LLC acquired a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $676,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock traded up $0.56 during trading on Tuesday, hitting $54.49. 34,302 shares of the stock traded hands, compared to its average volume of 378,367. The firm has a market capitalization of $2.20 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.27 and a 52-week high of $55.62. The firm's fifty day moving average price is $50.68 and its 200-day moving average price is $48.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. As a group, equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JMP Securities reiterated a "market outperform" rating and set a $60.00 price target on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $62.00 to $59.00 in a report on Friday. Barclays raised their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a research note on Friday. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a "hold" rating and a $43.00 price target on the stock. Finally, Truist Financial increased their price objective on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.00.

Insiders Place Their Bets

In related news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.62, for a total transaction of $50,620.00. Following the transaction, the director now owns 734 shares of the company's stock, valued at approximately $37,155.08. This represents a 57.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the transaction, the insider now directly owns 17,655 shares of the company's stock, valued at approximately $886,987.20. This represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,132 shares of company stock valued at $620,476 over the last 90 days. 8.01% of the stock is owned by company insiders.

About Skyward Specialty Insurance Group

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.