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

Key Points

• Analysts have given Skyward Specialty (NASDAQ:SKWD) an average rating of "Moderate Buy" from 11 firms (3 holds, 7 buys, 1 strong buy) with a 12‑month average price target of $65.89.
• The company beat quarterly expectations with EPS $1.17 vs. $0.96 est. and revenue $385.6M vs. $380.9M; the stock trades at a P/E of 11.37, market cap ~$2.06B, and a 1‑year range of $40.60–$65.05.
• Insiders have been buying stock—CEO Andrew Robinson purchased 22,100 shares at $46.76 and a director bought 3,200 shares—total insider purchases of 30,500 shares (~$1.43M) last quarter, and insiders own 8.52% of the company.

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $65.8889.

Several equities research analysts recently weighed in on SKWD shares. Barclays cut their target price on shares of Skyward Specialty Insurance Group from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Citigroup restated a "market outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Piper Sandler cut their price objective on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, March 13th. Finally, Zacks Research lowered Skyward Specialty Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $46.27 on Friday. The company has a market cap of $2.06 billion, a P/E ratio of 11.37 and a beta of 0.61. The stock has a 50-day moving average of $45.15 and a two-hundred day moving average of $46.71. Skyward Specialty Insurance Group has a 1-year low of $40.60 and a 1-year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The business had revenue of $385.59 million for the quarter, compared to analysts' expectations of $380.86 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson bought 22,100 shares of the business's 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 completion of the purchase, the chief executive officer owned 167,674 shares of the company's stock, valued at approximately $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Locke Peirce bought 3,200 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the acquisition, the director owned 3,200 shares of the company's stock, valued at $151,360. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 30,500 shares of company stock valued at $1,433,546 in the last quarter. Corporate insiders own 8.52% of the company's stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently modified their holdings of SKWD. Financial Management Professionals Inc. purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth $27,000. GAMMA Investing LLC increased its holdings in Skyward Specialty Insurance Group by 75.8% in the fourth 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 last quarter. Assetmark Inc. increased its holdings in Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company's stock valued at $36,000 after buying an additional 690 shares during the last quarter. Quarry LP raised its stake in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company's stock valued at $47,000 after buying an additional 844 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Skyward Specialty Insurance Group in the fourth quarter valued at $65,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.

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