Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Short Interest Update

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,356,215 shares, a drop of 21.8% from the February 26th total of 1,733,602 shares. Based on an average daily volume of 531,096 shares, the short-interest ratio is currently 2.6 days. Currently, 3.3% of the shares of the company are sold short.

Insider Activity

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski bought 1,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $48.13 per share, for a total transaction of $48,130.00. Following the purchase, the director owned 11,903 shares of the company’s stock, valued at $572,891.39. The trade was a 9.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew S. Robinson acquired 22,100 shares of Skyward Specialty Insurance Group stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the completion of 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 a total of 30,500 shares of company stock valued at $1,433,546 over the last three months. Insiders own 8.01% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in SKWD. Integrated Wealth Concepts LLC raised its stake 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 purchasing an additional 1,456 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Skyward Specialty Insurance Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock worth $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 raised its holdings in shares of Skyward Specialty Insurance Group by 16.6% in 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 worth $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% in the first 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 during the period. Finally, Creative Planning lifted its holdings in Skyward Specialty Insurance Group by 81.1% during the second quarter. Creative Planning now owns 14,935 shares of the company’s stock valued at $863,000 after purchasing an additional 6,690 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $42.13 on Friday. The stock has a 50 day simple moving average of $45.18 and a two-hundred day simple moving average of $46.92. The company has a market cap of $1.88 billion, a P/E ratio of 10.35 and a beta of 0.54. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $380.86 million. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, research analysts predict that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SKWD shares. Citizens Jmp set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Piper Sandler decreased 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. Barclays set a $63.00 price objective on Skyward Specialty Insurance Group in a research report on Thursday, January 8th. Finally, Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.80.

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.