Zacks Research Downgrades Skyward Specialty Insurance Group (NASDAQ:SKWD) to Hold

Skyward Specialty Insurance Group (NASDAQ:SKWD) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. JMP Securities set a $80.00 price objective on Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Barclays set a $63.00 target price on Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Raymond James Financial set a $66.00 target price on Skyward Specialty Insurance Group in a report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.82.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $45.49 on Monday. The stock’s 50-day simple moving average is $47.48 and its 200 day simple moving average is $47.79. Skyward Specialty Insurance Group has a 52-week low of $42.45 and a 52-week high of $65.05. The company has a market cap of $1.84 billion, a P/E ratio of 13.42 and a beta of 0.55.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total value of $251,550.30. Following the completion of the sale, the insider directly owned 8,059 shares in the company, valued at approximately $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.86% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently made changes to their positions in SKWD. GAMMA Investing LLC increased its position in Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its position in Skyward Specialty Insurance Group by 1.0% in the third quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock valued at $1,299,000 after buying an additional 265 shares in the last quarter. CWM LLC grew its stake in shares of Skyward Specialty Insurance Group by 19.4% during the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after buying an additional 327 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Skyward Specialty Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after buying an additional 341 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Skyward Specialty Insurance Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after acquiring an additional 423 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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.