Skyward Specialty Insurance Group (NASDAQ:SKWD) Upgraded at Barclays

Barclays upgraded shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) to a strong-buy rating in a report released on Thursday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Citigroup reaffirmed an “outperform” rating on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Zacks Research upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Piper Sandler boosted their target price on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Citizens Jmp raised their price target on Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.45.

Skyward Specialty Insurance Group Trading Down 1.2%

Skyward Specialty Insurance Group stock opened at $46.66 on Thursday. Skyward Specialty Insurance Group has a 12 month low of $41.28 and a 12 month high of $65.05. The stock has a fifty day simple moving average of $48.67 and a two-hundred day simple moving average of $49.29. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 13.76 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.85 by $0.20. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.The company had revenue of $382.53 million for the quarter, compared to analysts’ expectations of $334.54 million. During the same period last year, the firm posted $0.71 earnings per share. On average, equities research analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider owned 8,059 shares in the company, valued at $403,030.59. This trade represents a 38.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.01% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its holdings in Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock valued at $332,000 after purchasing an additional 1,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after buying an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Skyward Specialty Insurance Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock valued at $5,282,000 after acquiring an additional 14,217 shares during the period. Jane Street Group LLC grew its stake in shares of Skyward Specialty Insurance Group by 286.1% during the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock valued at $1,787,000 after acquiring an additional 25,022 shares during the period. Finally, Strs Ohio purchased a new stake in Skyward Specialty Insurance Group in the 1st quarter worth approximately $6,651,000. 94.83% of the stock is owned by institutional investors.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.