Skyward Specialty Insurance Group (NASDAQ:SKWD) Downgraded by Zacks Research to “Hold”

Skyward Specialty Insurance Group (NASDAQ:SKWD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays set a $63.00 price target on 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 note on Friday, January 16th. JMP Securities set a $80.00 price objective on Skyward Specialty Insurance Group in a report on Thursday, December 4th. Finally, Citizens Jmp raised their target price on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.82.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $45.49 on Monday. Skyward Specialty Insurance Group has a 52-week low of $42.45 and a 52-week high of $65.05. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 13.42 and a beta of 0.55. The firm has a fifty day moving average of $47.48 and a 200-day moving average of $47.79.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider owned 8,059 shares of the company’s stock, valued at $403,030.59. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of 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. Campbell Newman Asset Management Inc. grew its stake in Skyward Specialty Insurance Group by 1.0% in the third quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock valued at $1,299,000 after acquiring an additional 265 shares during the period. CWM LLC increased its holdings in shares of Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after acquiring an additional 327 shares in the last quarter. California State Teachers Retirement System increased its stake in 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 worth $2,109,000 after purchasing an additional 341 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Skyward Specialty Insurance Group by 6.9% during 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. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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.