Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Rating Lowered by Zacks Research

Skyward Specialty Insurance Group (NASDAQ:SKWD) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on SKWD. Susquehanna set a $80.00 target price on Skyward Specialty Insurance Group in a report on Friday, January 16th. Piper Sandler boosted their price target on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. JMP Securities set a $80.00 target price on Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Finally, Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.82.

Skyward Specialty Insurance Group Trading Up 2.6%

Shares of NASDAQ:SKWD traded up $1.17 on Monday, hitting $46.66. The company had a trading volume of 244,182 shares, compared to its average volume of 518,691. Skyward Specialty Insurance Group has a 52-week low of $42.45 and a 52-week high of $65.05. The business has a 50 day moving average of $47.48 and a 200 day moving average of $47.79. The company has a market cap of $1.89 billion, a PE ratio of 13.78 and a beta of 0.55.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the transaction, the insider directly owned 8,059 shares of the company’s stock, valued at $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after acquiring an additional 102,191 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in Skyward Specialty Insurance Group by 49.8% in the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after purchasing an additional 803,217 shares during the period. Invesco Ltd. grew its stake in Skyward Specialty Insurance Group by 46.3% in the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock worth $103,452,000 after buying an additional 566,902 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 16.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock worth $79,730,000 after acquiring an additional 198,931 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its position in Skyward Specialty Insurance Group by 19.5% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock worth $65,290,000 after acquiring an additional 224,122 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.