Maven Securities LTD Buys Shares of 25,000 Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Maven Securities LTD bought a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the company's stock, valued at approximately $1,018,000. Maven Securities LTD owned 0.06% of Skyward Specialty Insurance Group as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at approximately $41,000. Amalgamated Bank grew its position in Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock valued at $46,000 after acquiring an additional 279 shares during the period. CWM LLC raised its stake in Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company's stock worth $168,000 after acquiring an additional 4,003 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group during the second quarter worth $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 acquiring an additional 2,270 shares during the period. Institutional investors and hedge funds own 94.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SKWD shares. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. William Blair assumed coverage on Skyward Specialty Insurance Group in a report on Monday, August 19th. They set an "outperform" rating for the company. Finally, JMP Securities lifted their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Three equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.89.

Insider Activity

In related news, Director James Charles Hays sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the transaction, the director now owns 747,261 shares of the company's stock, valued at $40,352,094. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.01% of the stock is currently owned by company insiders.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD traded down $0.47 on Thursday, hitting $54.46. 216,412 shares of the stock were exchanged, compared to its average volume of 350,305. Skyward Specialty Insurance Group, Inc. has a 52 week low of $29.40 and a 52 week high of $55.62. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.98 and a beta of 0.76. The company's 50-day moving average price is $47.23 and its 200 day moving average price is $41.08.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current year.

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.