Skyward Specialty Insurance Group (NASDAQ:SKWD) Hits New 12-Month Low – What’s Next?

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) hit a new 52-week low during trading on Thursday . The company traded as low as $42.08 and last traded at $42.2250, with a volume of 71494 shares trading hands. The stock had previously closed at $42.83.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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. Citizens Jmp set a $80.00 target price on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Weiss Ratings cut Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Barclays set a $63.00 price target on Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Finally, Piper Sandler cut their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.80.

Skyward Specialty Insurance Group Stock Down 0.4%

The firm has a market cap of $1.83 billion, a P/E ratio of 10.14 and a beta of 0.54. The company’s 50 day simple moving average is $45.49 and its 200-day simple moving average is $47.18.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. The business had revenue of $385.59 million during the quarter, compared to analyst estimates of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.During the same period in the previous year, the company posted $0.80 EPS. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Christopher Locke Peirce purchased 3,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the completion of the purchase, the director directly owned 3,200 shares in the company, valued at $151,360. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Robinson acquired 22,100 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the purchase, the chief executive officer directly owned 167,674 shares of the company’s stock, valued at approximately $7,840,436.24. This trade represents a 15.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 30,500 shares of company stock worth $1,433,546. Company insiders own 8.01% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently made changes to their positions in SKWD. GAMMA Investing LLC boosted its stake in shares of Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after buying an additional 248 shares during the period. Campbell Newman Asset Management Inc. grew its position in Skyward Specialty Insurance Group by 1.0% during the third quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock worth $1,299,000 after buying an additional 265 shares in the last quarter. CWM LLC boosted its holdings in Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after acquiring an additional 327 shares during the last quarter. California State Teachers Retirement System lifted its stake in Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after buying an additional 341 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Skyward Specialty Insurance Group by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock worth $334,000 after buying an additional 423 shares in 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.