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

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $67.6667.

SKWD has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. 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. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Barclays lifted their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th.

Insider Activity

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $47.10 per share, with a total value of $94,200.00. Following the completion of the transaction, the director directly owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. This represents a 14.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 8,397 shares of Skyward Specialty Insurance Group 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 completion of the sale, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP grew its holdings in Skyward Specialty Insurance Group by 24.9% during the fourth quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock worth $10,358,000 after acquiring an additional 40,339 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Skyward Specialty Insurance Group by 26.4% during the fourth quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company’s stock worth $7,534,000 after purchasing an additional 30,763 shares in the last quarter. UBS Group AG lifted its position in shares of Skyward Specialty Insurance Group by 44.5% in the fourth quarter. UBS Group AG now owns 234,366 shares of the company’s stock valued at $11,978,000 after acquiring an additional 72,196 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after acquiring an additional 102,191 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in Skyward Specialty Insurance Group by 49.8% during the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after purchasing an additional 803,217 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $60.46 on Friday. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $63.03. The stock has a 50 day simple moving average of $52.96 and a two-hundred day simple moving average of $48.03. The company has a market cap of $2.45 billion, a P/E ratio of 14.57 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts predict that Skyward Specialty Insurance Group will post 4.88 earnings per share for the current year.

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.