Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Consensus Recommendation of “Buy” from Brokerages

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been given an average rating of “Buy” by the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $67.8182.

A number of research firms have recently issued reports on SKWD. Barclays set a $63.00 target price on Skyward Specialty Insurance Group in a report on Thursday, January 8th. Janney Montgomery Scott initiated coverage on Skyward Specialty Insurance Group in a research report on Monday, October 6th. They set a “buy” rating and a $60.00 price target on the stock. Susquehanna set a $80.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Piper Sandler upped their target price on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock opened at $44.62 on Friday. Skyward Specialty Insurance Group has a fifty-two week low of $42.94 and a fifty-two week high of $65.05. The firm’s 50 day simple moving average is $48.08 and its 200-day simple moving average is $48.26. The company has a market cap of $1.81 billion, a P/E ratio of 13.16 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. The firm had revenue of $382.53 million during the quarter, compared to analyst estimates of $334.54 million. During the same quarter last year, the business posted $0.71 EPS. On average, analysts expect that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares of the company’s stock, valued at $403,030.59. This trade represents a 38.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.01% of the stock is currently owned by insiders.

Institutional Trading of Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock valued at $332,000 after purchasing an additional 1,456 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after buying an additional 967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 buying an additional 14,217 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Skyward Specialty Insurance Group by 286.1% in the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock valued at $1,787,000 after buying an additional 25,022 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Skyward Specialty Insurance Group by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 10,756 shares of the company’s stock worth $622,000 after buying an additional 479 shares during the last quarter. 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.