Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $65.89 Consensus Price Target from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $65.8889.

Several equities analysts have recently issued reports on SKWD shares. Zacks Research downgraded shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $46.83 on Friday. The company has a fifty day moving average price of $45.21 and a 200-day moving average price of $46.71. The company has a market capitalization of $2.09 billion, a P/E ratio of 11.51 and a beta of 0.61. Skyward Specialty Insurance Group has a 52-week low of $40.60 and a 52-week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.21. The firm had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Anthony J. Kuczinski bought 2,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $48.79 per share, with a total value of $97,580.00. Following the completion of the purchase, the director directly owned 10,903 shares of the company’s stock, valued at approximately $531,957.37. This represents a 22.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew S. Robinson bought 22,100 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the purchase, the chief executive officer directly owned 167,674 shares of the company’s stock, valued at $7,840,436.24. The trade was a 15.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 30,500 shares of company stock valued at $1,433,546 over the last quarter. Insiders own 8.52% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Skyward Specialty Insurance Group during the fourth quarter worth $27,000. GAMMA Investing LLC raised its stake in Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the last quarter. Assetmark Inc. raised its stake in Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after buying an additional 690 shares during the last quarter. Quarry LP grew its holdings in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after purchasing an additional 844 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Skyward Specialty Insurance Group in the fourth quarter worth $65,000. Institutional investors own 94.83% of the company’s stock.

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.