Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $65.00 Average Target Price from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $67.00.

A number of research firms have recently commented on SKWD. Wall Street Zen cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Finally, Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of 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 grew its position in Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at $37,000. Quarry LP lifted its holdings 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 valued at $47,000 after buying an additional 844 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter valued at $60,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $62.41 on Wednesday. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $63.03. The company has a 50 day simple moving average of $49.30 and a two-hundred day simple moving average of $47.29. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 15.04 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The firm had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts forecast that Skyward Specialty Insurance Group will post 4.93 earnings per share for the current fiscal year.

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.