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

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $65.00.

Several research firms recently weighed in on SKWD. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 16th. Finally, Wall Street Zen cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the sale, the director directly owned 4,570 shares in the company, valued at $211,819.50. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the transaction, the insider directly owned 10,353 shares in the company, valued at $531,315.96. This represents a 44.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Reinhart Partners LLC. raised its stake in shares of Skyward Specialty Insurance Group by 49.8% during the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after acquiring an additional 803,217 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Skyward Specialty Insurance Group by 411.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after purchasing an additional 762,079 shares during the period. Freestone Grove Partners LP bought a new stake in Skyward Specialty Insurance Group in the third quarter worth $24,234,000. Sei Investments Co. boosted its position in Skyward Specialty Insurance Group by 397.5% during the first quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock valued at $18,926,000 after buying an additional 346,202 shares during the period. Finally, Langdon Equity Partners bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at about $16,965,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Down 3.1%

Shares of NASDAQ:SKWD opened at $58.35 on Wednesday. The business’s 50 day moving average is $47.82 and its 200 day moving average is $46.88. Skyward Specialty Insurance Group has a 12-month low of $40.60 and a 12-month high of $61.24. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. As a group, equities research analysts expect that Skyward Specialty Insurance Group will post 4.93 earnings per share for the current year.

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.