Two Sigma Investments LP Has $16.21 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Two Sigma Investments LP lowered its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,655 shares of the company’s stock after selling 86,984 shares during the period. Two Sigma Investments LP owned approximately 0.80% of Skyward Specialty Insurance Group worth $16,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in shares of Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock worth $46,000 after purchasing an additional 809 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Skyward Specialty Insurance Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock worth $196,000 after purchasing an additional 247 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $219,000. Pinnacle Financial Partners Inc acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $220,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $230,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction on 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 owns 3,946 shares of the company’s stock, valued at approximately $204,876.32. This represents a 61.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Kirby Hill sold 8,249 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the transaction, the chairman now directly owns 8,249 shares in the company, valued at approximately $502,116.63. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,381 shares of company stock worth $1,122,592 in the last three months. Insiders own 7.86% of the company’s stock.

Skyward Specialty Insurance Group Stock Down 2.3%

Shares of SKWD opened at $60.47 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.42 and a 12-month high of $63.76. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 0.81 and a beta of 0.64. The stock’s 50-day moving average price is $54.96 and its 200 day moving average price is $51.12.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 16.39% and a net margin of 12.24%. During the same period in the prior year, the company posted $0.75 EPS. Equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Analyst Ratings Changes

SKWD has been the subject of several research analyst reports. Citigroup reissued an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. Jefferies Financial Group cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $62.00 to $59.00 in a research report on Friday, April 11th. Wolfe Research reissued a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Barclays boosted their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Finally, JMP Securities boosted 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $61.13.

Skyward Specialty Insurance Group Company 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.