Analysts Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) PT at $65.75

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages 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 one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $65.75.

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Piper Sandler dropped their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Christopher Locke Peirce bought 3,200 shares of the stock in a transaction on Monday, March 2nd. The shares were acquired at an average price of $47.30 per share, for a total transaction of $151,360.00. Following the purchase, the director owned 3,200 shares of the company’s stock, valued at approximately $151,360. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gena L. Ashe sold 740 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total transaction of $34,299.00. Following the transaction, the director owned 4,570 shares in the company, valued at $211,819.50. This represents a 13.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have acquired a total of 30,500 shares of company stock worth $1,433,546 over the last quarter. 8.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

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

Skyward Specialty Insurance Group Trading Up 4.0%

Shares of Skyward Specialty Insurance Group stock opened at $47.85 on Tuesday. Skyward Specialty Insurance Group has a 12-month low of $40.60 and a 12-month high of $65.05. The company has a market cap of $1.94 billion, a P/E ratio of 11.53 and a beta of 0.54. The company’s fifty day simple moving average is $44.95 and its two-hundred day simple moving average is $46.48.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. Skyward Specialty Insurance Group’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. Analysts predict that Skyward Specialty Insurance Group will post 4.85 EPS for the current fiscal year.

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.