Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $66.60.

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods increased their price objective on shares of Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Citizens Jmp set a $80.00 target price on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th.

Skyward Specialty Insurance Group Stock Up 1.8%

Shares of SKWD opened at $45.89 on Thursday. Skyward Specialty Insurance Group has a twelve month low of $42.45 and a twelve month high of $65.05. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.28 and a beta of 0.55. The firm has a 50 day moving average of $47.03 and a 200 day moving average of $47.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. The business had revenue of $385.59 million for the quarter, compared to the consensus estimate of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.During the same period last year, the business posted $0.80 EPS. On average, sell-side analysts expect that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total value of $251,550.30. Following the transaction, the insider directly owned 8,059 shares in the company, valued at $403,030.59. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of institutional investors have recently bought and sold shares of SKWD. Vanguard Group Inc. grew its holdings in 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 buying an additional 102,191 shares in the last quarter. Reinhart Partners LLC. boosted its position 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 acquiring an additional 803,217 shares during the last quarter. Invesco Ltd. grew its stake in Skyward Specialty Insurance Group by 46.3% during the second quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock valued at $103,452,000 after acquiring an additional 566,902 shares in the last quarter. Franklin Resources Inc. grew its stake in 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 acquiring an additional 198,931 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in 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 worth $65,290,000 after purchasing an additional 224,122 shares in the last quarter. 94.83% of the stock is owned by 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.