Skyward Specialty Insurance Group (NASDAQ:SKWD) Reaches New 1-Year High – Should You Buy?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.20 and last traded at $63.5020, with a volume of 37034 shares trading hands. The stock had previously closed at $63.04.

Wall Street Analysts Forecast Growth

SKWD has been the topic of a number of research analyst reports. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Keefe, Bruyette & Woods increased their target price on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Piper Sandler boosted their price target on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Barclays boosted their price target on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Skyward Specialty Insurance Group Stock Performance

The business has a fifty day simple moving average of $55.24 and a 200 day simple moving average of $48.87. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 14.73 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 19.61% and a net margin of 10.84%.The company had revenue of $489.53 million during the quarter, compared to analysts’ expectations of $706.59 million. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the transaction, the insider owned 10,353 shares of the company’s stock, valued at approximately $531,315.96. The trade was a 44.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony J. Kuczinski bought 2,000 shares of Skyward Specialty Insurance Group 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 completion of the acquisition, the director owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of SKWD. Financial Management Professionals Inc. purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in Skyward Specialty Insurance Group in the 1st quarter worth approximately $37,000. Quarry LP raised 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 acquiring an additional 844 shares during the last quarter. Fifth Third Bancorp acquired a new position in Skyward Specialty Insurance Group in the 1st quarter valued at $60,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth $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.