Numerai GP LLC Invests $266,000 in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Numerai GP LLC bought a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,264 shares of the company's stock, valued at approximately $266,000.

A number of other institutional investors have also recently modified their holdings of SKWD. Sterling Capital Management LLC lifted its stake 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. 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 valued at $196,000 after acquiring an additional 247 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $219,000. Pinnacle Financial Partners Inc acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $220,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $230,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on SKWD shares. Truist Financial upped their target price on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a report on Monday, May 5th. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $62.00 to $59.00 in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their target price on Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Finally, Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. Four investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.13.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the sale, the insider now owns 17,655 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kirby Hill sold 8,249 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the completion of the transaction, the chairman now owns 8,249 shares in the company, valued at approximately $502,116.63. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,381 shares of company stock valued at $1,122,592 over the last quarter. Company insiders own 7.86% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock traded down $0.55 during trading on Wednesday, hitting $62.63. The company's stock had a trading volume of 60,903 shares, compared to its average volume of 373,974. The stock's fifty day moving average is $54.49 and its 200 day moving average is $50.93. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.42 and a 1-year high of $63.76. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 0.81 and a beta of 0.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The company had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. During the same quarter in the prior year, the company posted $0.75 EPS. On average, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

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.