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

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $67.6667.

Several research firms have recently issued reports on SKWD. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Piper Sandler boosted their target price on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods increased their price target on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Barclays increased their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th.

Skyward Specialty Insurance Group Trading Up 3.1%

SKWD stock opened at $60.46 on Friday. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $63.03. The firm has a 50-day moving average of $52.96 and a two-hundred day moving average of $48.03. The firm has a market capitalization of $2.45 billion, a PE ratio of 14.57 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Skyward Specialty Insurance Group will post 4.88 earnings per share for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Anthony J. Kuczinski bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $47.10 per share, with a total value of $94,200.00. Following the completion of the transaction, the director directly owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the sale, the insider owned 10,353 shares in the company, valued at $531,315.96. This represents a 44.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.52% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $37,000. Quarry LP boosted its position in Skyward Specialty Insurance Group by 558.9% in the third 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, Fifth Third Bancorp bought a new stake in Skyward Specialty Insurance Group during the 1st quarter worth $60,000. 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.