Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Anthony Kuczinski Buys 2,000 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski purchased 2,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the purchase, the director directly owned 15,977 shares of the company’s stock, valued at $752,516.70. This trade represents a 14.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD traded down $0.39 during trading hours on Thursday, hitting $47.00. The stock had a trading volume of 407,917 shares, compared to its average volume of 480,817. The stock’s fifty day simple moving average is $44.95 and its 200 day simple moving average is $46.50. Skyward Specialty Insurance Group, Inc. has a 1-year low of $40.60 and a 1-year high of $65.05. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 11.33 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The company had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter last year, the business earned $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.86 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SKWD. Financial Management Professionals Inc. acquired a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $27,000. GAMMA Investing LLC grew its position in Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the last quarter. Assetmark Inc. grew its position in Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after buying an additional 690 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Skyward Specialty Insurance Group in the first quarter worth approximately $37,000. Finally, Quarry LP raised its holdings in Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Barclays raised their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Piper Sandler lowered their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings lowered shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.75.

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.