Skyward Specialty Insurance Group (NASDAQ:SKWD) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Skyward Specialty Insurance Group (NASDAQ:SKWD) released its earnings results on Wednesday. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.14, FiscalAI reports. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The firm had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD traded down $0.09 during mid-day trading on Wednesday, reaching $43.84. The stock had a trading volume of 483,158 shares, compared to its average volume of 483,941. Skyward Specialty Insurance Group has a 1 year low of $40.60 and a 1 year high of $65.05. The stock has a market cap of $1.95 billion, a PE ratio of 10.77 and a beta of 0.54. The company has a fifty day moving average price of $45.23 and a 200 day moving average price of $46.51.

Insider Buying and Selling

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

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently added to or reduced their stakes in SKWD. Quarry LP raised its holdings in Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after acquiring an additional 844 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Skyward Specialty Insurance Group in the 4th quarter worth approximately $65,000. Osaic Holdings Inc. grew its position in Skyward Specialty Insurance Group by 140.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after purchasing an additional 855 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Skyward Specialty Insurance Group in the 4th quarter worth approximately $108,000. Finally, Quantbot Technologies LP bought a new stake in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $134,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SKWD. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Weiss Ratings lowered shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Finally, Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.38.

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.