Insider Buying: Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Buys $48,130.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $48.13 per share, for a total transaction of $48,130.00. Following the acquisition, the director directly owned 11,903 shares of the company’s stock, valued at approximately $572,891.39. The trade was a 9.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $48.71 on Friday. The firm has a market cap of $2.17 billion, a PE ratio of 11.97 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a twelve month low of $42.45 and a twelve month high of $65.05. The business has a fifty day moving average of $46.48 and a 200-day moving average of $47.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced 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. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The company had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Institutional Trading of Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of SKWD. Financial Management Professionals Inc. acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at approximately $27,000. 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. Assetmark Inc. boosted its position in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after purchasing an additional 690 shares in the last quarter. Quarry LP grew its holdings in shares of Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after buying an additional 844 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $65,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SKWD shares. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Susquehanna set a $80.00 price target on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Piper Sandler cut their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Barclays set a $63.00 target price on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.80.

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.