Skyward Specialty Insurance Group (NASDAQ:SKWD) Sets New 12-Month Low – Should You Sell?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $43.15 and last traded at $43.6550, with a volume of 195090 shares changing hands. The stock had previously closed at $43.98.

Analyst Upgrades and Downgrades

SKWD has been the topic of several research reports. JMP Securities set a $80.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Citizens Jmp upped their target price on Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, December 4th. Zacks Research upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Barclays set a $63.00 price target on Skyward Specialty Insurance Group in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Buy” and an average target price of $67.82.

Skyward Specialty Insurance Group Stock Down 2.6%

The stock has a market capitalization of $1.73 billion, a PE ratio of 12.63 and a beta of 0.55. The company’s fifty day moving average price is $47.60 and its 200-day moving average price is $47.90.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the sale, the insider owned 8,059 shares of the company’s stock, valued at $403,030.59. This trade represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of SKWD. PNC Financial Services Group Inc. grew its stake in Skyward Specialty Insurance Group by 83.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,056 shares of the company’s stock valued at $156,000 after acquiring an additional 1,392 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 2,875.0% during the 4th quarter. Larson Financial Group LLC now owns 2,142 shares of the company’s stock valued at $109,000 after purchasing an additional 2,070 shares in the last quarter. ProShare Advisors LLC boosted its position in Skyward Specialty Insurance Group by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after purchasing an additional 423 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $920,000. Finally, Versor Investments LP bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth $238,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.