Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Rating Upgraded by Texas Capital

Skyward Specialty Insurance Group (NASDAQ:SKWD) was upgraded by investment analysts at Texas Capital to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays raised their price target on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Zacks Research downgraded Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $48.95 on Tuesday. Skyward Specialty Insurance Group has a 1-year low of $40.60 and a 1-year high of $60.00. The company has a market capitalization of $1.98 billion, a P/E ratio of 11.80 and a beta of 0.49. The business has a 50 day moving average price of $45.60 and a 200 day moving average price of $46.35.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data 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 return on equity of 18.24% and a net margin of 11.36%.The firm had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the business posted $0.90 EPS. Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts expect that Skyward Specialty Insurance Group will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the acquisition, the director directly owned 15,977 shares of the company’s stock, valued at $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gena L. Ashe sold 740 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the sale, the director owned 4,570 shares in the company, valued at $211,819.50. This trade represents a 13.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several hedge funds have recently made changes to their positions in SKWD. Financial Management Professionals Inc. acquired a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $27,000. GAMMA Investing LLC boosted its holdings 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 during the last quarter. Assetmark Inc. boosted its holdings 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 during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $37,000. Finally, Quarry LP boosted its holdings in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.