Janus Henderson Group PLC Decreases Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Janus Henderson Group PLC lessened its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,444 shares of the company’s stock after selling 1,697 shares during the quarter. Janus Henderson Group PLC owned about 0.09% of Skyward Specialty Insurance Group worth $1,484,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group during the third quarter valued at $41,000. Amalgamated Bank increased its position in shares of Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after purchasing an additional 279 shares during the last quarter. CWM LLC lifted its stake in shares of Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after purchasing an additional 4,003 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Skyward Specialty Insurance Group in the second quarter worth approximately $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Skyward Specialty Insurance Group by 67.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock valued at $204,000 after buying an additional 2,270 shares during the period. 94.83% of the stock is currently owned by institutional investors.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director James Charles Hays sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. Following the sale, the director now owns 747,261 shares in the company, valued at approximately $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $52.15 on Friday. The company has a market cap of $2.09 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.93 and a beta of 0.76. Skyward Specialty Insurance Group, Inc. has a 52-week low of $29.40 and a 52-week high of $55.62. The firm’s fifty day moving average is $48.69 and its two-hundred day moving average is $41.81.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $300.89 million for the quarter, compared to analysts’ expectations of $292.43 million. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SKWD. Jefferies Financial Group increased their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James lifted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. William Blair started coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating for the company. Barclays lifted their price objective on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JMP Securities increased their target price on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Three 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.89.

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.