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

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $65.00.

Several equities analysts recently weighed in on the stock. Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a research report on Tuesday. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Piper Sandler dropped their target price on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays lifted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $50.05 on Friday. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $60.00. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 12.06 and a beta of 0.49. The firm’s 50-day simple moving average is $45.88 and its 200 day simple moving average is $46.39.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $665.12 million. During the same quarter last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Skyward Specialty Insurance Group will post 4.93 EPS for the current year.

Insider Activity at Skyward Specialty Insurance Group

In other news, Director Anthony J. Kuczinski bought 2,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $47.10 per share, with a total value of $94,200.00. Following the transaction, the director directly owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the transaction, the director directly owned 4,570 shares in the company, valued at approximately $211,819.50. This represents a 13.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several hedge funds have recently modified their holdings of SKWD. Integrated Wealth Concepts LLC lifted its position in shares of Skyward Specialty Insurance Group by 30.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after buying an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Skyward Specialty Insurance Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock worth $1,169,000 after purchasing an additional 967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Skyward Specialty Insurance Group by 16.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock worth $5,282,000 after purchasing an additional 14,217 shares during the period. Jane Street Group LLC raised its holdings in shares of Skyward Specialty Insurance Group by 286.1% in the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after purchasing an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Skyward Specialty Insurance Group by 5.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after purchasing an additional 5,913 shares during the period. Institutional investors own 94.83% of the company’s stock.

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.