Skyward Specialty Insurance Group (NASDAQ:SKWD) Sets New 12-Month High – Here’s What Happened

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)’s share price hit a new 52-week high on Thursday . The company traded as high as $61.24 and last traded at $60.81, with a volume of 107755 shares changing hands. The stock had previously closed at $59.51.

Wall Street Analyst Weigh In

SKWD has been the topic of a number of research analyst reports. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 16th. Two equities research analysts have 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, the company presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Skyward Specialty Insurance Group Price Performance

The company has a 50-day moving average of $48.69 and a 200 day moving average of $47.13. The company has a market cap of $2.49 billion, a PE ratio of 14.80 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted 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. The business had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. Equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, May 11th. The shares were sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the transaction, the director directly owned 4,570 shares of the company’s stock, valued at $211,819.50. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the transaction, the insider owned 10,353 shares in the company, valued at $531,315.96. This trade represents a 44.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.52% of the stock is owned by corporate insiders.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors have recently added to or reduced their stakes in SKWD. Financial Management Professionals Inc. purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Skyward Specialty Insurance Group during the 1st quarter worth approximately $37,000. Quarry LP lifted its stake in shares of Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after acquiring an additional 844 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $65,000. Institutional investors 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.