Short Interest in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Grows By 30.1%

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,612,869 shares, an increase of 30.1% from the January 29th total of 1,239,498 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average trading volume of 579,848 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 579,848 shares, the short-interest ratio is currently 2.8 days. Approximately 4.3% of the company’s shares are short sold.

Analyst Ratings Changes

SKWD has been the topic of several analyst reports. Barclays set a $63.00 target price on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods increased their target price on Skyward Specialty Insurance Group from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.80.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction dated 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 owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. The trade was a 38.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Robinson purchased 22,100 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the purchase, the chief executive officer owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 25,500 shares of company stock worth $1,194,076 in the last 90 days. Company insiders own 7.86% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKWD. GAMMA Investing LLC grew its holdings in Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares during the period. Campbell Newman Asset Management Inc. grew its stake in shares of Skyward Specialty Insurance Group by 1.0% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock worth $1,299,000 after purchasing an additional 265 shares during the period. CWM LLC increased its holdings in shares of Skyward Specialty Insurance Group by 19.4% during the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after purchasing an additional 327 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Skyward Specialty Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after purchasing 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 purchasing an additional 423 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Down 0.7%

Shares of NASDAQ SKWD traded down $0.36 during mid-day trading on Tuesday, reaching $48.22. 851,501 shares of the company were exchanged, compared to its average volume of 557,811. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 11.85 and a beta of 0.54. Skyward Specialty Insurance Group has a 1 year low of $42.45 and a 1 year high of $65.05. The firm has a 50-day moving average of $46.66 and a 200 day moving average of $47.47.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.96 by $0.21. The firm had revenue of $385.59 million during the quarter, compared to analyst estimates of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 18.51%. During the same quarter in the previous year, the business posted $0.80 EPS. On average, equities analysts forecast that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current 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.