Anthony Kuczinski Buys 2,000 Shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director directly owned 15,977 shares in the company, valued at $752,516.70. The trade was a 14.31% 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 Price Performance

Shares of NASDAQ SKWD opened at $47.45 on Friday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 11.43 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a 1-year low of $40.60 and a 1-year high of $65.05. The business has a fifty day moving average price of $45.00 and a 200 day moving average price of $46.52.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. As a group, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SKWD. Financial Management Professionals Inc. purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth about $27,000. GAMMA Investing LLC raised its stake in shares of Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the last quarter. Assetmark Inc. raised its stake in shares of Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after purchasing an additional 690 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Skyward Specialty Insurance Group in the first quarter worth about $37,000. Finally, Quarry LP raised 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 worth $47,000 after purchasing an additional 844 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on SKWD. Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings cut Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Piper Sandler decreased their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Finally, Barclays increased their price target on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.75.

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.