Barclays Lowers Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target to $57.00

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target reduced by analysts at Barclays from $63.00 to $57.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 24.21% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Piper Sandler decreased their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a report on Friday, January 16th. Finally, Weiss Ratings downgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.20.

Skyward Specialty Insurance Group Stock Up 1.5%

Skyward Specialty Insurance Group stock opened at $45.89 on Wednesday. Skyward Specialty Insurance Group has a 52 week low of $40.60 and a 52 week high of $65.05. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.28 and a beta of 0.61. The stock has a 50-day moving average price of $44.97 and a 200 day moving average price of $46.75.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $380.86 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. Research analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson acquired 22,100 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the completion of the transaction, the chief executive officer directly owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony J. Kuczinski acquired 2,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was acquired at an average price of $48.79 per share, with a total value of $97,580.00. Following the completion of the transaction, the director directly 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 disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 30,500 shares of company stock valued at $1,433,546. 8.01% of the stock is owned by company insiders.

Institutional Trading of Skyward Specialty Insurance Group

Several large investors have recently made changes to their positions in SKWD. Financial Management Professionals Inc. purchased a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at $27,000. GAMMA Investing LLC grew its holdings in Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. grew its holdings in Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after buying an additional 690 shares in the last quarter. Quarry LP grew its holdings in Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after buying an additional 844 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at $65,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

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.