Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Recommendation of “Buy” from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $67.8182.

SKWD has been the topic of a number of analyst reports. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. JMP Securities set a $80.00 target price on Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Zacks Research upgraded Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Piper Sandler lifted their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Raymond James Financial set a $66.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, December 5th.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $43.98 on Friday. The business’s 50 day simple moving average is $47.60 and its two-hundred day simple moving average is $47.93. Skyward Specialty Insurance Group has a 52-week low of $43.35 and a 52-week high of $65.05. The firm has a market cap of $1.78 billion, a P/E ratio of 12.97 and a beta of 0.55.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares in the company, valued at approximately $403,030.59. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Skyward Specialty Insurance Group by 83.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,056 shares of the company’s stock valued at $156,000 after purchasing an additional 1,392 shares during the period. Larson Financial Group LLC increased its holdings in Skyward Specialty Insurance Group by 2,875.0% during the fourth quarter. Larson Financial Group LLC now owns 2,142 shares of the company’s stock worth $109,000 after buying an additional 2,070 shares during the last quarter. ProShare Advisors LLC raised its position in Skyward Specialty Insurance Group by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock worth $334,000 after acquiring an additional 423 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Skyward Specialty Insurance Group in the fourth quarter valued at about $920,000. Finally, Versor Investments LP purchased a new position in Skyward Specialty Insurance Group in the fourth quarter valued at about $238,000. 94.83% of the stock is currently owned by institutional investors.

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.