Barclays Issues Positive Forecast for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective raised by Barclays from $57.00 to $60.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on SKWD. Piper Sandler lowered their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Susquehanna set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Finally, Zacks Research downgraded shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.75.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $46.69 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of 11.25 and a beta of 0.54. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $65.05. The firm’s 50-day simple moving average is $45.17 and its two-hundred day simple moving average is $46.50.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 19.52%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts predict that Skyward Specialty Insurance Group will post 4.69 EPS for the current year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson acquired 22,100 shares of the company’s stock in a transaction on Friday, February 27th. The stock was acquired 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 approximately $7,840,436.24. This represents a 15.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony J. Kuczinski acquired 2,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost 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 in the company, valued at approximately $531,957.37. This represents a 22.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 30,500 shares of company stock valued at $1,433,546. Corporate insiders own 8.52% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in SKWD. Financial Management Professionals Inc. bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after acquiring an additional 690 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter worth about $37,000. Finally, Quarry LP lifted its holdings in shares of 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. 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.