Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $67.67 Average PT from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $67.6667.

Several research firms recently issued reports on SKWD. Keefe, Bruyette & Woods boosted their price objective on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Piper Sandler boosted their target price on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Finally, Barclays lifted their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th.

Insiders Place Their Bets

In other news, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director directly owned 4,570 shares of the company’s stock, valued at $211,819.50. The trade was a 13.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $27,000. GAMMA Investing LLC lifted its position in shares of Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Skyward Specialty Insurance Group in the first quarter valued at approximately $37,000. Quarry LP grew its stake in Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $65,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $59.87 on Friday. The stock has a 50 day moving average price of $54.09 and a 200 day moving average price of $48.42. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $63.96. The stock has a market cap of $2.43 billion, a PE ratio of 14.43 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its 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 company had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the previous year, the business posted $0.90 EPS. Skyward Specialty Insurance Group’s revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that Skyward Specialty Insurance Group will post 4.88 earnings per share for the current fiscal year.

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.