Skyward Specialty Insurance Group (NASDAQ:SKWD) Downgraded by Wall Street Zen to “Hold”

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

SKWD has been the subject of a number of other reports. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday. Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a research note on Tuesday. Piper Sandler cut their target price on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Finally, Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $50.05 on Friday. The company’s 50 day simple moving average is $45.88 and its two-hundred day simple moving average is $46.39. Skyward Specialty Insurance Group has a 1-year low of $40.60 and a 1-year high of $60.00. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.06 and a beta of 0.49.

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, topping 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 business had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the company posted $0.90 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Skyward Specialty Insurance Group will post 4.93 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were 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 of the company’s stock, valued at approximately $211,819.50. The trade was a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski purchased 2,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the purchase, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their position. The SEC filing for this purchase provides additional information. 8.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in Skyward Specialty Insurance Group by 26.4% during the 4th quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company’s stock worth $7,534,000 after acquiring an additional 30,763 shares in the last quarter. Vanguard Group Inc. grew its stake in Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock worth $130,588,000 after buying an additional 102,191 shares during the last quarter. Royce & Associates LP grew its stake in Skyward Specialty Insurance Group by 24.9% during the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock worth $10,358,000 after buying an additional 40,339 shares during the last quarter. UBS Group AG grew its stake in Skyward Specialty Insurance Group by 44.5% during the 4th quarter. UBS Group AG now owns 234,366 shares of the company’s stock worth $11,978,000 after buying an additional 72,196 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Skyward Specialty Insurance Group by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 654,123 shares of the company’s stock worth $31,110,000 after buying an additional 55,361 shares during the last quarter. 94.83% of the stock is 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.