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

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $65.80.

Several brokerages recently weighed in on SKWD. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, December 5th. Weiss Ratings cut Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Zacks Research downgraded Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Anthony J. Kuczinski purchased 2,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was bought at an average cost of $48.79 per share, for a total transaction of $97,580.00. Following the completion of the acquisition, the director owned 10,903 shares of the company’s stock, valued at approximately $531,957.37. This represents a 22.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Locke Peirce purchased 3,200 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $47.30 per share, with a total value of $151,360.00. Following the completion of the purchase, the director directly owned 3,200 shares in the company, valued at $151,360. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 30,500 shares of company stock valued at $1,433,546 in the last quarter. Insiders own 7.86% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SKWD. Vanguard Group Inc. raised its position in Skyward Specialty Insurance Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after purchasing an additional 102,191 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Skyward Specialty Insurance Group by 49.8% during the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after purchasing an additional 803,217 shares during the last quarter. Invesco Ltd. grew its holdings 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 last quarter. Franklin Resources Inc. increased its stake in shares of Skyward Specialty Insurance Group by 16.8% in the second quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock valued at $79,730,000 after buying an additional 198,931 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of Skyward Specialty Insurance Group by 19.5% in the third quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock valued at $65,290,000 after buying an additional 224,122 shares during the period. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD opened at $41.26 on Monday. Skyward Specialty Insurance Group has a 1 year low of $40.60 and a 1 year high of $65.05. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.14 and a beta of 0.54. The company’s 50 day simple moving average is $45.49 and its 200 day simple moving average is $47.16.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.The firm had revenue of $385.59 million during the quarter, compared to analysts’ expectations of $380.86 million. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

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.