Skyward Specialty Insurance Group (NASDAQ:SKWD) Sets New 1-Year High – What’s Next?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) hit a new 52-week high on Tuesday . The company traded as high as $63.83 and last traded at $63.6150, with a volume of 94299 shares traded. The stock had previously closed at $61.45.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SKWD shares. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Wall Street Zen cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Barclays upped their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Finally, Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $67.67.

Skyward Specialty Insurance Group Stock Up 2.5%

The business has a fifty day simple moving average of $53.23 and a two-hundred day simple moving average of $48.11. The company has a market cap of $2.55 billion, a P/E ratio of 15.11 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the acquisition, the director owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.35, for a total transaction of $34,299.00. Following the sale, the director owned 4,570 shares of the company’s stock, valued at $211,819.50. This trade represents a 13.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently modified their holdings of SKWD. Financial Management Professionals Inc. purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth $27,000. GAMMA Investing LLC raised its holdings 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 bought a new position in Skyward Specialty Insurance Group in the 1st quarter worth $37,000. Quarry LP lifted its position in Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after purchasing an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in Skyward Specialty Insurance Group during the first quarter valued at $60,000. 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.