Skyward Specialty Insurance Group (NASDAQ:SKWD) Sets New 1-Year Low – What’s Next?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $43.15 and last traded at $43.6550, with a volume of 195090 shares changing hands. The stock had previously closed at $43.98.

Wall Street Analysts Forecast Growth

SKWD has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Citizens Jmp upped their price target on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, December 4th. Raymond James Financial set a $66.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Friday, December 5th. Zacks Research raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Barclays set a $63.00 price target on Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $67.82.

Skyward Specialty Insurance Group Stock Down 2.6%

The stock has a 50-day simple moving average of $47.60 and a two-hundred day simple moving average of $47.90. The firm has a market cap of $1.73 billion, a PE ratio of 12.63 and a beta of 0.55.

Insider Activity

In related news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $50.01, for a total value of $251,550.30. Following the completion of the transaction, the insider owned 8,059 shares in the company, valued at approximately $403,030.59. This trade represents a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its holdings in shares of Skyward Specialty Insurance Group by 407.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,384 shares of the company’s stock worth $2,587,000 after buying an additional 43,666 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Skyward Specialty Insurance Group by 116.6% during the second quarter. Squarepoint Ops LLC now owns 89,436 shares of the company’s stock worth $5,169,000 after purchasing an additional 48,148 shares during the last quarter. Federated Hermes Inc. grew its position in Skyward Specialty Insurance Group by 5.5% in the 2nd quarter. Federated Hermes Inc. now owns 490,526 shares of the company’s stock valued at $28,347,000 after purchasing an additional 25,711 shares during the period. Reinhart Partners LLC. increased its holdings in Skyward Specialty Insurance Group by 68.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after acquiring an additional 654,500 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Skyward Specialty Insurance Group by 6.0% in the second quarter. American Century Companies Inc. now owns 598,762 shares of the company’s stock worth $34,602,000 after purchasing an additional 34,129 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.