Should I buy or sell Skyward Specialty Insurance Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skyward Specialty Insurance Group in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKWD shares. View SKWD analyst ratings or view top-rated stocks .

What is Skyward Specialty Insurance Group's stock price target for 2024?

7 analysts have issued 12-month target prices for Skyward Specialty Insurance Group's shares. Their SKWD share price targets range from $25.00 to $40.00. On average, they predict the company's stock price to reach $32.14 in the next year. This suggests that the stock has a possible downside of 2.0%. View analysts price targets for SKWD or view top-rated stocks among Wall Street analysts .

How have SKWD shares performed in 2023?

Skyward Specialty Insurance Group's stock was trading at $19.10 at the start of the year. Since then, SKWD shares have increased by 71.8% and is now trading at $32.81. View the best growth stocks for 2023 here .

When is Skyward Specialty Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024. View our SKWD earnings forecast .

How were Skyward Specialty Insurance Group's earnings last quarter?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) posted its quarterly earnings results on Monday, November, 6th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.30. The business had revenue of $239.22 million for the quarter, compared to the consensus estimate of $210.74 million. Skyward Specialty Insurance Group had a trailing twelve-month return on equity of 13.48% and a net margin of 9.17%.

When did Skyward Specialty Insurance Group IPO?

(SKWD) raised $134 million in an initial public offering (IPO) on Friday, January 13th 2023. The company issued 8,952,383 shares at a price of $14.00-$16.00 per share.

Who are Skyward Specialty Insurance Group's major shareholders?

Skyward Specialty Insurance Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (3.60%), Ameriprise Financial Inc. (2.09%), Morgan Stanley (2.07%), Emerald Advisers LLC (2.03%), American Century Companies Inc. (1.56%) and The Manufacturers Life Insurance Company (1.30%). Insiders that own company stock include Anthony J Kuczinski, Corp Westaim and James Charles Hays. View institutional ownership trends .

How do I buy shares of Skyward Specialty Insurance Group?

Shares of SKWD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Skyward Specialty Insurance Group Stock Price, News & Analysis (NASDAQ:SKWD)

$32.74

-0.64 (-1.92%)

(As of 03:51 PM ET)

Compare

Today's Range: $32.53
▼
$33.74
50-Day Range: $27.34
▼
$33.38
52-Week Range: $17.50
▼
$33.74

Volume: 262,805 shs
Average Volume: 320,750 shs
Market Capitalization: $1.23 billion

P/E Ratio: 15.37
Dividend Yield: N/A
Price Target: $32.14

Skyward Specialty Insurance Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 2.0% Downside
$32.14 Price Target
Short Interest: Healthy
9.23% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.44
Based on 2 Articles This Week
Insider Trading: Selling Shares
$109.80 M Sold Last Quarter
Proj. Earnings Growth: 17.65%
From $2.04 to $2.40 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Finance Sector

420th out of 730 stocks

Fire, Marine, & Casualty Insurance Industry

23rd out of 37 stocks

1.5

Analyst's Opinion

Consensus Rating
Skyward Specialty Insurance Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.14, Skyward Specialty Insurance Group has a forecasted downside of 2.0% from its current price of $32.81.
Amount of Analyst Coverage
Skyward Specialty Insurance Group has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
9.23% of the float of Skyward Specialty Insurance Group has been sold short.
Short Interest Ratio / Days to Cover
Skyward Specialty Insurance Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Skyward Specialty Insurance Group has recently decreased by 13.71%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Skyward Specialty Insurance Group does not currently pay a dividend.
Dividend Growth
Skyward Specialty Insurance Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SKWD.

2.0

News and Social Media Coverage

News Sentiment
Skyward Specialty Insurance Group has a news sentiment score of -0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Skyward Specialty Insurance Group this week, compared to 1 article on an average week.
Search Interest
5 people have searched for SKWD on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
MarketBeat Follows
8 people have added Skyward Specialty Insurance Group to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Skyward Specialty Insurance Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $109,800,000.00 in company stock.
Percentage Held by Institutions
41.33% of the stock of Skyward Specialty Insurance Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Skyward Specialty Insurance Group are expected to grow by 17.65% in the coming year, from $2.04 to $2.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Skyward Specialty Insurance Group is 15.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Skyward Specialty Insurance Group is 15.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.68.
Price to Book Value per Share Ratio
Skyward Specialty Insurance Group has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Skyward Specialty Insurance Group Stock (NASDAQ:SKWD)

Skyward Specialty Insurance Group, Inc., an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products. The company was incorporated in 2006 and is headquartered in Houston, Texas.

SKWD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SKWD Stock News Headlines

November 30, 2023 | msn.com

Skyward Specialty Insurance says chair MacDonald resigns from the role

November 30, 2023 | finance.yahoo.com

Skyward Specialty Announces Leadership Changes To Its Board Of Directors

December 6, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

November 26, 2023 | americanbankingnews.com

Skyward Specialty Insurance Group (SKWD) & The Competition Head to Head Survey

November 21, 2023 | msn.com

Skyward Specialty Insurance says Westaim sells 3.6M shares in co

November 16, 2023 | tmcnet.com

Westaim Announces Pricing of Skyward Specialty's Upsized Follow-On Offering

November 16, 2023 | markets.businessinsider.com

Skyward Specialty Announces Pricing of Its Upsized Follow-On Offering of Its Common Stock

November 13, 2023 | msn.com

Skyward Specialty announces follow-on offering of 2.15M shares

December 6, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

November 13, 2023 | finance.yahoo.com

Skyward Specialty Announces Follow-On Offering of its Common Stock

November 13, 2023 | finance.yahoo.com

Westaim Announces Participation in Skyward Specialty Follow-On Offering

November 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: CNO Financial (CNO) and Skyward Specialty Insurance Group, Inc. (SKWD)

November 6, 2023 | finance.yahoo.com

Skyward Specialty Insurance Group Reports Third Quarter 2023 Results

November 6, 2023 | finance.yahoo.com

Skyward Specialty Insurance Group Inc (SKWD) Reports Strong Q3 2023 Results

November 1, 2023 | finance.yahoo.com

Skyward Specialty Adds Seven in Strategic Move to Reach New Surety Markets

November 1, 2023 | finance.yahoo.com

Skyward Specialty Adds Seven in Strategic Move to Reach New Surety Markets

October 23, 2023 | msn.com

Skyward Specialty Sees Favorable Market Environment As All Segments Shine

October 19, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Buy Rating for Skyward Specialty Insurance Group, Inc. (SKWD)

October 11, 2023 | theglobeandmail.com

Chart of the Day: Skyward Specialty Insurance Group Hits New All Time Highs

October 10, 2023 | finance.yahoo.com

Skyward Specialty to Host Third Quarter 2023 Earnings Call Tuesday, November 7, 2023

September 20, 2023 | finance.yahoo.com

A Note On Skyward Specialty Insurance Group, Inc.'s (NASDAQ:SKWD) ROE and Debt To Equity

September 18, 2023 | finance.yahoo.com

Skyward Specialty Expands Healthcare Appetite with Rebrand and Adds Individual Provider Coverage

September 2, 2023 | fool.com

Skyward Specialty Insurance Group (NASDAQ: SKWD)

September 1, 2023 | finance.yahoo.com

Skyward Specialty Recognized as One of the “Best Places to Work in Insurance” for 2023

August 25, 2023 | finance.yahoo.com

AM Best Revises Outlooks to Positive for Members of Skyward Specialty Insurance Group

August 14, 2023 | markets.businessinsider.com

BMO Capital Maintains Market Perform Rating for Skyward Specialty: Here's What You Need To Know

August 10, 2023 | finance.yahoo.com

Q2 2023 Skyward Specialty Insurance Group Inc Earnings Call

See More Headlines

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Company Calendar

Last Earnings: 11/06/2023
Today: 12/06/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/27/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:SKWD
CUSIP: N/A
CIK: 1519449
Web: www.skywardinsurance.com
Phone: 713-935-4800
Fax: N/A
Employees: 448
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $32.14
High Stock Price Target: $40.00
Low Stock Price Target: $25.00
Potential Upside/Downside: -3.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.13
Trailing P/E Ratio: 15.67
Forward P/E Ratio: 16.36
P/E Growth: N/A
Net Income: $39.40 million
Net Margins: 9.17%
Pretax Margin: 11.91%
Return on Equity: 13.48%
Return on Assets: 2.52%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.43
Quick Ratio: 0.43

Sales & Book Value

Annual Sales: $642.42 million
Price / Sales: 1.96
Cash Flow: $1.70 per share
Price / Cash Flow: 19.64
Book Value: $11.21 per share
Price / Book: 2.98

Miscellaneous

Outstanding Shares: 37,680,000
Free Float: N/A
Market Cap: $1.26 billion
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Andrew Scott Robinson (Age 57)
CEO & Director
Comp: $1.86M
Mr. Stephen Lyndon Way (Age 74)
Founder
Comp: $4.57M
Mr. Mark William Haushill CPA (Age 61)
Executive VP & CFO
Comp: $665.25k
Mr. Kirby Allen Hill (Age 58)
Executive VP and President of Industry Solutions, Captives & Programs
Comp: $600.25k
Mr. John Ambrose Burkhart (Age 53)
Executive VP & President of Specialty Lines
Comp: $705.25k
Mr. Daniel Paul K. Bodnar (Age 56)
Chief Information & Technology Officer
Mr. Thomas N. Schmitt (Age 63)
Chief People & Administrative Officer
Natalie Schoolcraft
Head of Investor Relations
Ms. Leslie Kay Shaunty (Age 54)
General Counsel & Secretary
Mr. Lyndon Byron Way (Age 48)
CEO of Accident & Health Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SKWD Stock Analysis - Frequently Asked Questions

Should I buy or sell Skyward Specialty Insurance Group stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skyward Specialty Insurance Group in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKWD shares.
View SKWD analyst ratings or view top-rated stocks.
What is Skyward Specialty Insurance Group's stock price target for 2024?: 7 analysts have issued 12-month target prices for Skyward Specialty Insurance Group's shares. Their SKWD share price targets range from $25.00 to $40.00. On average, they predict the company's stock price to reach $32.14 in the next year. This suggests that the stock has a possible downside of 2.0%.
View analysts price targets for SKWD or view top-rated stocks among Wall Street analysts.
How have SKWD shares performed in 2023?: Skyward Specialty Insurance Group's stock was trading at $19.10 at the start of the year. Since then, SKWD shares have increased by 71.8% and is now trading at $32.81.
View the best growth stocks for 2023 here.
When is Skyward Specialty Insurance Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our SKWD earnings forecast.

How were Skyward Specialty Insurance Group's earnings last quarter?: Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) posted its quarterly earnings results on Monday, November, 6th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.30. The business had revenue of $239.22 million for the quarter, compared to the consensus estimate of $210.74 million. Skyward Specialty Insurance Group had a trailing twelve-month return on equity of 13.48% and a net margin of 9.17%.
When did Skyward Specialty Insurance Group IPO?: (SKWD) raised $134 million in an initial public offering (IPO) on Friday, January 13th 2023. The company issued 8,952,383 shares at a price of $14.00-$16.00 per share.
Who are Skyward Specialty Insurance Group's major shareholders?: Skyward Specialty Insurance Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (3.60%), Ameriprise Financial Inc. (2.09%), Morgan Stanley (2.07%), Emerald Advisers LLC (2.03%), American Century Companies Inc. (1.56%) and The Manufacturers Life Insurance Company (1.30%). Insiders that own company stock include Anthony J Kuczinski, Corp Westaim and James Charles Hays.
View institutional ownership trends.
How do I buy shares of Skyward Specialty Insurance Group?: Shares of SKWD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SKWD) was last updated on 12/6/2023 by MarketBeat.com Staff

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