Skyward Specialty Insurance Group (NASDAQ:SKWD) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Skyward Specialty Insurance Group from hold to buy, adding to a generally positive analyst backdrop that includes a consensus rating of Moderate Buy and an average price target of $65.75.
• The stock rose 2.6% and recently traded at $46.69, well below its 12-month high of $65.05 but above its 12-month low of $40.60.
• In its latest quarterly results, Skyward beat EPS estimates with $1.25 per share versus $1.13 expected, while revenue came in below forecasts; insiders also showed confidence, with the CEO and a director making significant stock purchases.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also commented on the company. Citigroup reissued a "market outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a "moderate buy" rating to a "strong-buy" rating in a research report on Friday, March 13th. Piper Sandler lowered their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered Skyward Specialty Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.75.

Skyward Specialty Insurance Group Stock Up 2.6%

Shares of SKWD opened at $46.69 on Friday. Skyward Specialty Insurance Group has a 12-month low of $40.60 and a 12-month high of $65.05. The business's fifty day moving average is $45.17 and its 200 day moving average is $46.50. The stock has a market cap of $2.08 billion, a P/E ratio of 11.25 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 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 analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 19.52% and a net margin of 11.36%.Skyward Specialty Insurance Group's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. On average, analysts expect that Skyward Specialty Insurance Group will post 4.69 EPS for the current year.

Insider Activity

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski bought 1,000 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $48.13 per share, with a total value of $48,130.00. Following the transaction, the director directly owned 11,903 shares in the company, valued at $572,891.39. This trade represents a 9.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Robinson bought 22,100 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the transaction, the chief executive officer owned 167,674 shares in the company, valued at approximately $7,840,436.24. The trade was a 15.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 30,500 shares of company stock valued at $1,433,546 in the last ninety days. 8.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company's stock valued at $29,000 after purchasing an additional 248 shares during the last quarter. CWM LLC increased its position in shares of Skyward Specialty Insurance Group by 19.4% during the 4th quarter. CWM LLC now owns 2,013 shares of the company's stock valued at $103,000 after purchasing an additional 327 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Skyward Specialty Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company's stock valued at $2,109,000 after purchasing an additional 341 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Skyward Specialty Insurance Group by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company's stock valued at $334,000 after purchasing an additional 423 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $27,000. 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.

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