Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Buys $97,580.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski acquired 2,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $48.79 per share, for a total transaction of $97,580.00. Following the transaction, the director directly owned 10,903 shares of the company’s stock, valued at approximately $531,957.37. This trade represents a 22.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $48.71 on Friday. Skyward Specialty Insurance Group, Inc. has a 1 year low of $42.45 and a 1 year high of $65.05. The stock has a market capitalization of $2.17 billion, a PE ratio of 11.97 and a beta of 0.54. The business’s 50-day moving average is $46.48 and its 200 day moving average is $47.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.The business had revenue of $385.59 million during the quarter, compared to analysts’ expectations of $380.86 million. During the same quarter last year, the business posted $0.80 EPS. As a group, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKWD. Barclays set a $63.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Thursday, January 8th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research note on Friday, December 5th. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.80.

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.