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

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $64.2727.

A number of equities analysts recently commented on SKWD shares. Raymond James Financial set a $66.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, December 5th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods raised their target price on Skyward Specialty Insurance Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Wolfe Research raised Skyward Specialty Insurance Group to an “outperform” rating in a report on Monday, September 15th. Finally, BMO Capital Markets increased their price target on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday, September 8th.

Insider Activity at Skyward Specialty Insurance Group

In related 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 sale, the insider directly owned 8,059 shares in the company, valued at $403,030.59. This trade represents a 38.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several hedge funds have recently made changes to their positions in SKWD. Caitong International Asset Management Co. Ltd boosted its position in shares of Skyward Specialty Insurance Group by 2,223.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock valued at $35,000 after purchasing an additional 578 shares during the period. Assetmark Inc. grew its position in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after acquiring an additional 690 shares during the last quarter. Quarry LP increased its holdings in shares of Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares during the period. PNC Financial Services Group Inc. raised its position in Skyward Specialty Insurance Group by 840.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Skyward Specialty Insurance Group by 140.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after purchasing an additional 855 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 1.3%

Shares of NASDAQ SKWD opened at $51.13 on Friday. The stock has a market cap of $2.07 billion, a P/E ratio of 15.08 and a beta of 0.55. The business’s fifty day simple moving average is $47.65 and its 200-day simple moving average is $50.37. Skyward Specialty Insurance Group has a 12-month low of $41.28 and a 12-month high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.20. The company had revenue of $382.53 million for the quarter, compared to the consensus estimate of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal 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.