Anthony Kuczinski Acquires 1,000 Shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski bought 1,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $48.13 per share, with a total value of $48,130.00. Following the completion of the purchase, the director owned 11,903 shares in the company, valued at approximately $572,891.39. This trade represents a 9.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $49.17 on Friday. The company has a fifty day moving average of $46.54 and a two-hundred day moving average of $47.49. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $42.45 and a fifty-two week high of $65.05. The stock has a market capitalization of $2.19 billion, a PE ratio of 12.08 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The firm had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. During the same quarter in the prior year, the firm earned $0.80 EPS. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Institutional investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $27,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 248 shares in the last quarter. Assetmark Inc. boosted its position in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after buying an additional 690 shares during the period. Quarry LP grew its stake in shares of Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after buying an additional 844 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Skyward Specialty Insurance Group during the 4th quarter worth about $65,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SKWD shares. Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research note on Friday, December 5th. Susquehanna set a $80.00 target price on Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Piper Sandler dropped their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $65.80.

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.