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

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

A number of other analysts also recently weighed in on the company. Piper Sandler increased their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Barclays upped their price target on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial increased their price target on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.70.

Skyward Specialty Insurance Group Price Performance

NASDAQ:SKWD opened at $63.67 on Friday. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $65.69. The company has a market cap of $2.58 billion, a PE ratio of 14.84 and a beta of 0.34. The firm’s 50 day simple moving average is $56.04 and its 200 day simple moving average is $49.12.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.13. The firm had revenue of $489.53 million during the quarter, compared to analysts’ expectations of $706.59 million. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 19.61%. Equities research analysts expect that Skyward Specialty Insurance Group will post 4.91 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the transaction, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. The trade was a 14.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC acquired a new position in Skyward Specialty Insurance Group in the first quarter valued at approximately $37,000. Quarry LP lifted its stake in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after buying an additional 844 shares during the period. Fifth Third Bancorp bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter worth approximately $60,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $65,000. 94.83% of the stock is owned by institutional investors and hedge funds.

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.