Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Given Average Recommendation of “Moderate Buy” by Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $65.00.

Several research firms have issued reports on SKWD. Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Piper Sandler decreased their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a research note on Tuesday.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $48.95 on Friday. 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 PE ratio of 11.80 and a beta of 0.49. The company has a fifty day moving average of $45.60 and a two-hundred day moving average 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 (EPS) 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 company had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue for the quarter 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 year.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of Skyward Specialty Insurance Group by 9.7% during the 1st quarter. Bank of America Corp DE now owns 148,087 shares of the company’s stock worth $6,468,000 after purchasing an additional 13,081 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Skyward Specialty Insurance Group in the 1st quarter worth approximately $986,000. EverSource Wealth Advisors LLC grew its stake in Skyward Specialty Insurance Group by 632.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,074 shares of the company’s stock worth $91,000 after acquiring an additional 1,791 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Skyward Specialty Insurance Group by 30.5% in the 1st quarter. California State Teachers Retirement System now owns 45,303 shares of the company’s stock valued at $1,979,000 after purchasing an additional 10,590 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Skyward Specialty Insurance Group by 24.6% in the 1st quarter. Royal Bank of Canada now owns 504,858 shares of the company’s stock valued at $22,052,000 after purchasing an additional 99,786 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other 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.