Mariner LLC Purchases Shares of 5,840 Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Mariner LLC bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,840 shares of the company's stock, valued at approximately $295,000.

Other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after purchasing an additional 247 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after purchasing an additional 809 shares during the period. Riverwater Partners LLC grew its stake in Skyward Specialty Insurance Group by 2.5% in the fourth quarter. Riverwater Partners LLC now owns 35,013 shares of the company's stock worth $1,770,000 after purchasing an additional 862 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Skyward Specialty Insurance Group during the 4th quarter worth $61,000. Finally, Nordea Investment Management AB increased its stake in shares of Skyward Specialty Insurance Group by 2.4% during the fourth quarter. Nordea Investment Management AB now owns 64,321 shares of the company's stock valued at $3,248,000 after buying an additional 1,523 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SKWD. Barclays increased their price objective on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Piper Sandler raised their price objective on Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday. Keefe, Bruyette & Woods dropped their target price on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a report on Monday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of "Moderate Buy" and an average target price of $59.88.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD traded up $0.63 during trading on Wednesday, reaching $58.90. The company had a trading volume of 475,177 shares, compared to its average volume of 375,647. The stock's fifty day moving average price is $52.40 and its 200 day moving average price is $49.91. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $60.40.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) 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 firm had revenue of $328.53 million during the quarter, compared to the consensus estimate 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 last year, the business posted $0.75 EPS. On average, equities analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, insider John A. Burkhart III sold 4,832 shares of the business's stock in a transaction on Thursday, March 6th. The stock was 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 $886,987.20. The trade was a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 12,132 shares of company stock valued at $620,476 in the last 90 days. 8.01% of the stock is currently owned by insiders.

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.