Mariner LLC Takes Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Mariner LLC purchased a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,840 shares of the company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds also recently modified their holdings of SKWD. Sterling Capital Management LLC raised its holdings in Skyward Specialty Insurance Group by 756.1% during the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $61,000. Summit Investment Advisors Inc. raised its stake in shares of Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after buying an additional 247 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at $220,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Skyward Specialty Insurance Group during the fourth quarter valued at about $230,000. Institutional investors own 94.83% of the company's stock.

Insider Buying and Selling

In other news, insider John A. Burkhart III sold 4,832 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now directly owns 3,946 shares of the company's stock, valued at approximately $204,876.32. The trade was a 61.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,132 shares of company stock worth $620,476. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Up 0.5 %

Shares of SKWD traded up $0.27 during mid-day trading on Friday, reaching $59.88. The company's stock had a trading volume of 201,391 shares, compared to its average volume of 373,446. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.42 and a 1 year high of $60.40. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.81 and a beta of 0.64. The business has a fifty day moving average of $52.65 and a 200 day moving average of $50.11.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. During the same period in the prior year, the business earned $0.75 EPS. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup reiterated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their target price 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. TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a "hold" rating and a $43.00 target price for the company. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $62.00 to $59.00 in a report on Friday, April 11th. Finally, JMP Securities increased their price objective on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and an average price target 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.