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

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $65.8889.

SKWD has been the topic of a number of recent research reports. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Piper Sandler cut their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, Wall Street Zen cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, April 18th.

Skyward Specialty Insurance Group Trading Down 0.1%

NASDAQ SKWD opened at $46.18 on Friday. The company’s fifty day simple moving average is $45.30 and its 200-day simple moving average is $46.71. Skyward Specialty Insurance Group has a 52 week low of $40.60 and a 52 week high of $65.05. The stock has a market cap of $2.06 billion, a P/E ratio of 11.35 and a beta of 0.61.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The business had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. During the same period in the previous year, the company posted $0.80 earnings per share. On average, research analysts expect that Skyward Specialty Insurance Group will post 4.69 EPS for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Christopher Locke Peirce purchased 3,200 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $47.30 per share, with a total value of $151,360.00. Following the completion of the acquisition, the director directly owned 3,200 shares of the company’s stock, valued at approximately $151,360. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew S. Robinson purchased 22,100 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the completion of the acquisition, the chief executive officer directly owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 30,500 shares of company stock valued at $1,433,546 over the last ninety days. Corporate insiders own 8.52% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. acquired a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $27,000. GAMMA Investing LLC raised its holdings in shares of Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the period. Assetmark Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after purchasing an additional 690 shares during the period. Quarry LP raised its holdings in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after purchasing an additional 844 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $65,000. 94.83% of the stock is owned by institutional investors and hedge funds.

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.