Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Given Average Recommendation of “Buy” by Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received an average rating of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $66.60.

SKWD has been the subject of several research reports. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Citigroup reissued an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Piper Sandler lifted their target price on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. JMP Securities set a $80.00 target price on Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Finally, Keefe, Bruyette & Woods raised their target price on Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $45.81 on Wednesday. The company has a market capitalization of $1.85 billion, a PE ratio of 13.51 and a beta of 0.54. Skyward Specialty Insurance Group has a 52-week low of $41.28 and a 52-week high of $65.05. The business’s fifty day moving average is $48.68 and its 200 day moving average is $49.09.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.20. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. The company had revenue of $382.53 million for the quarter, compared to analysts’ expectations of $334.54 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, sell-side analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Activity

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider directly owned 8,059 shares of the company’s stock, valued at $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.86% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. boosted its holdings in shares of Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after acquiring an additional 762,079 shares during the period. Reinhart Partners LLC. grew its holdings in shares of Skyward Specialty Insurance Group by 68.2% during the third 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. Invesco Ltd. increased its position in Skyward Specialty Insurance Group by 46.3% in the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock valued at $103,452,000 after acquiring an additional 566,902 shares during the period. Freestone Grove Partners LP purchased a new stake in Skyward Specialty Insurance Group during the 3rd quarter valued at approximately $24,234,000. Finally, Voya Investment Management LLC lifted its position in Skyward Specialty Insurance Group by 3,712.0% during the 1st quarter. Voya Investment Management LLC now owns 433,652 shares of the company’s stock worth $22,949,000 after acquiring an additional 422,276 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.