Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Anthony Kuczinski Acquires 2,000 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the acquisition, the director directly owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD opened at $47.00 on Friday. The firm has a 50-day simple moving average of $44.96 and a 200 day simple moving average of $46.51. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.05. The stock has a market cap of $1.91 billion, a PE ratio of 11.33 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SKWD. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays lifted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Piper Sandler decreased their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. 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 analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.75.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in Skyward Specialty Insurance Group in the 4th quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the period. Assetmark Inc. raised its holdings in Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after acquiring an additional 690 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Skyward Specialty Insurance Group in the 1st quarter valued at about $37,000. Finally, Quarry LP raised its holdings in 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 acquiring an additional 844 shares during the period. 94.83% of the stock is owned by institutional investors.

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.