Piper Sandler Issues Pessimistic Forecast for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective decreased by equities research analysts at Piper Sandler from $65.00 to $55.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 21.21% from the company’s previous close.

A number of other brokerages have also commented on SKWD. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Barclays set a $63.00 price objective on Skyward Specialty Insurance Group in a report on Thursday, January 8th. Keefe, Bruyette & Woods upped their target price on Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.70.

Skyward Specialty Insurance Group Stock Down 1.1%

Shares of SKWD stock traded down $0.52 during trading on Thursday, reaching $45.38. The company’s stock had a trading volume of 128,883 shares, compared to its average volume of 530,488. The business has a fifty day moving average price of $47.03 and a 200-day moving average price of $47.53. Skyward Specialty Insurance Group has a one year low of $42.45 and a one year high of $65.05. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 11.13 and a beta of 0.55.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.21. The firm had revenue of $385.59 million for the quarter, compared to analyst estimates of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.During the same quarter in the prior year, the company earned $0.80 earnings per share. Research analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

Insider Activity

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the completion of the sale, the insider directly owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. This represents a 38.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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