Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Given Consensus Recommendation of “Buy” by Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $67.8182.

SKWD has been the topic of a number of research reports. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Barclays set a $63.00 price objective on Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Keefe, Bruyette & Woods raised their target price on Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Piper Sandler upped their price target on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Janney Montgomery Scott assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, October 6th. They issued a “buy” rating and a $60.00 price objective on the stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD opened at $44.62 on Friday. Skyward Specialty Insurance Group has a one year low of $42.94 and a one year high of $65.05. The company has a 50-day simple moving average of $48.08 and a 200-day simple moving average of $48.26. The firm has a market capitalization of $1.81 billion, a PE ratio of 13.16 and a beta of 0.54.

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

Insider Activity at Skyward Specialty Insurance Group

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

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after acquiring an additional 102,191 shares during the last quarter. Invesco Ltd. raised its position in shares of Skyward Specialty Insurance Group by 46.3% during the second quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock worth $103,452,000 after purchasing an additional 566,902 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of Skyward Specialty Insurance Group by 68.2% during the third quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock valued at $76,740,000 after purchasing an additional 654,500 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 16.8% during the second quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock valued at $79,730,000 after purchasing an additional 198,931 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its position in shares of Skyward Specialty Insurance Group by 19.5% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock valued at $65,290,000 after purchasing an additional 224,122 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Company Profile

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.