Short Interest in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Grows By 30.1%

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,612,869 shares, an increase of 30.1% from the January 29th total of 1,239,498 shares. Based on an average daily trading volume, of 579,848 shares, the short-interest ratio is currently 2.8 days. Approximately 4.3% of the company’s shares are short sold. Approximately 4.3% of the company’s shares are short sold. Based on an average daily trading volume, of 579,848 shares, the short-interest ratio is currently 2.8 days.

Insider Activity

In related news, CEO Andrew S. Robinson purchased 22,100 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were acquired at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the purchase, the chief executive officer directly owned 167,674 shares of the company’s stock, valued at approximately $7,840,436.24. This trade represents a 15.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the transaction, the insider owned 8,059 shares in the company, valued at $403,030.59. This represents a 38.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.86% of the stock is currently owned by insiders.

Institutional Trading of Skyward Specialty Insurance Group

Several large investors have recently modified their holdings of SKWD. Invesco Ltd. lifted its holdings in Skyward Specialty Insurance Group by 5.1% in the fourth quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock valued at $74,194,000 after acquiring an additional 70,255 shares during the period. Vident Advisory LLC bought a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $257,000. VARCOV Co. purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $524,000. Susquehanna Fundamental Investments LLC increased its holdings in Skyward Specialty Insurance Group by 370.3% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 40,213 shares of the company’s stock valued at $2,055,000 after buying an additional 31,663 shares during the last quarter. Finally, Man Group plc bought a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $1,171,000. Institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

SKWD has been the topic of a number of research analyst reports. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. Citizens Jmp set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $65.80.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock traded up $2.01 during mid-day trading on Monday, hitting $48.48. The company’s stock had a trading volume of 192,076 shares, compared to its average volume of 531,356. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 11.94 and a beta of 0.54. Skyward Specialty Insurance Group has a 52-week low of $42.45 and a 52-week high of $65.05. The business has a 50-day moving average price of $46.80 and a 200 day moving average price of $47.46.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. The business had revenue of $385.59 million during the quarter, compared to analyst estimates of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.During the same quarter in the previous year, the firm earned $0.80 EPS. Equities research analysts predict that Skyward Specialty Insurance Group will post 3.05 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.