Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is positive: Skyward Specialty Insurance Group has an average “Moderate Buy” rating from 13 analysts, with an average 12-month price target of $68.64 versus the reported share price of $56.40.
• Quarterly earnings beat expectations: The company reported earnings of $1.30 per share, ahead of the $1.17 consensus estimate, while posting a 18.72% return on equity and 10.84% net margin.
• Ownership and trading activity remain notable: Institutional investors own 94.83% of shares, with several major holders increasing their positions, while insider Thomas N. Schmitt sold 8,397 shares and reduced his stake by 44.78%.

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $68.6364.

A number of research analysts have recently commented on the company. Weiss Ratings raised Skyward Specialty Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 8th. Barclays boosted their target price on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Piper Sandler upped their target price on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th.

Insider Activity

In related news, insider Thomas N. Schmitt sold 8,397 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 10,353 shares in the company, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.52% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP lifted its position in shares of Skyward Specialty Insurance Group by 24.9% during the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company's stock worth $10,358,000 after purchasing an additional 40,339 shares during the last quarter. Reinhart Partners LLC. boosted its stake in Skyward Specialty Insurance Group by 4.1% during the 2nd quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company's stock valued at $168,889,000 after purchasing an additional 113,623 shares during the period. UBS Group AG grew its holdings in Skyward Specialty Insurance Group by 44.5% in the 4th quarter. UBS Group AG now owns 234,366 shares of the company's stock valued at $11,978,000 after buying an additional 72,196 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Skyward Specialty Insurance Group by 26.4% in the 4th quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company's stock valued at $7,534,000 after buying an additional 30,763 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company's stock worth $130,588,000 after buying an additional 102,191 shares during the period. Institutional investors and hedge funds own 94.83% of the company's stock.

Skyward Specialty Insurance Group Trading Down 3.5%

Shares of NASDAQ:SKWD opened at $56.40 on Thursday. The stock has a market capitalization of $2.50 billion, a PE ratio of 13.15 and a beta of 0.34. Skyward Specialty Insurance Group has a 1 year low of $40.60 and a 1 year high of $65.69. The firm has a fifty day moving average price of $58.29 and a 200 day moving average price of $49.92.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The company had revenue of $489.53 million for the quarter, compared to analyst estimates of $706.59 million. On average, sell-side analysts forecast that Skyward Specialty Insurance Group will post 4.94 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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