Brokerages Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Target Price at $67.67

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $67.6667.

Several research firms have issued reports on SKWD. Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Piper Sandler boosted their price objective on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 8.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP increased its stake in shares of Skyward Specialty Insurance Group by 24.9% in the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock worth $10,358,000 after acquiring an additional 40,339 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Skyward Specialty Insurance Group by 26.4% during the 4th quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company’s stock valued at $7,534,000 after acquiring an additional 30,763 shares during the last quarter. UBS Group AG boosted its position in shares of Skyward Specialty Insurance Group by 44.5% during the 4th quarter. UBS Group AG now owns 234,366 shares of the company’s stock valued at $11,978,000 after acquiring an additional 72,196 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after purchasing an additional 102,191 shares during the period. Finally, Reinhart Partners LLC. grew its holdings in shares of Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after purchasing an additional 803,217 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

SKWD stock opened at $62.77 on Friday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 15.13 and a beta of 0.34. Skyward Specialty Insurance Group has a 1-year low of $40.60 and a 1-year high of $63.96. The business has a fifty day moving average price of $53.53 and a 200-day moving average price of $48.22.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate 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 company had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the firm posted $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that Skyward Specialty Insurance Group will post 4.88 earnings per share for the current year.

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.