Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $65.75 Average PT from Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $65.75.

SKWD has been the subject of several analyst reports. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Barclays boosted their target price on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Piper Sandler decreased their target price on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Director Christopher Locke Peirce acquired 3,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the transaction, the director owned 3,200 shares of the company’s stock, valued at $151,360. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony J. Kuczinski acquired 2,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $531,957.37. This trade represents a 22.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 30,500 shares of company stock valued at $1,433,546 over the last 90 days. 8.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Ashford Capital Management Inc. grew its position in shares of Skyward Specialty Insurance Group by 0.7% in the 1st quarter. Ashford Capital Management Inc. now owns 390,332 shares of the company’s stock valued at $17,050,000 after purchasing an additional 2,630 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Skyward Specialty Insurance Group by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock valued at $774,000 after purchasing an additional 228 shares during the period. Quantinno Capital Management LP grew its position in shares of Skyward Specialty Insurance Group by 76.4% in the 1st quarter. Quantinno Capital Management LP now owns 53,639 shares of the company’s stock valued at $2,343,000 after purchasing an additional 23,228 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $558,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $1,999,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Up 1.6%

Shares of Skyward Specialty Insurance Group stock opened at $46.01 on Tuesday. The business has a fifty day simple moving average of $44.98 and a 200 day simple moving average of $46.46. The stock has a market cap of $1.87 billion, a PE ratio of 11.09 and a beta of 0.54. Skyward Specialty Insurance Group has a 12 month low of $40.60 and a 12 month high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. Analysts expect that Skyward Specialty Insurance Group will post 4.85 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.