Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Rating Lowered by Wall Street Zen

Skyward Specialty Insurance Group (NASDAQ:SKWD) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts have also commented on SKWD. Barclays lowered their price target on Skyward Specialty Insurance Group from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Piper Sandler lowered their target price on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report 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 report on Thursday, March 19th. Finally, Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.89.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $46.83 on Friday. The business has a 50-day simple moving average of $45.21 and a two-hundred day simple moving average of $46.71. The company has a market capitalization of $2.09 billion, a P/E ratio of 11.51 and a beta of 0.61. Skyward Specialty Insurance Group has a 52-week low of $40.60 and a 52-week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.96 by $0.21. The firm had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.During the same period in the prior year, the business posted $0.80 earnings per share. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Director Christopher Locke Peirce bought 3,200 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $47.30 per share, for a total transaction of $151,360.00. Following the completion of the purchase, the director directly owned 3,200 shares of the company’s stock, valued at approximately $151,360. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Robinson purchased 22,100 shares of the stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the transaction, the chief executive officer owned 167,674 shares of the company’s stock, valued at approximately $7,840,436.24. This trade represents a 15.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 30,500 shares of company stock worth $1,433,546 over the last quarter. 8.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 30.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after acquiring an additional 1,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Skyward Specialty Insurance Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after purchasing an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Skyward Specialty Insurance Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock valued at $5,282,000 after purchasing an additional 14,217 shares during the period. Jane Street Group LLC raised its stake in shares of Skyward Specialty Insurance Group by 286.1% during the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock valued at $1,787,000 after purchasing an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Skyward Specialty Insurance Group by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after purchasing an additional 5,913 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

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.