Skyward Specialty Insurance Group (NASDAQ:SKWD) Issues Quarterly Earnings Results

Skyward Specialty Insurance Group (NASDAQ:SKWD) announced its earnings results on Tuesday. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.13, FiscalAI reports. The business had revenue of $489.53 million during the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%.

Skyward Specialty Insurance Group Price Performance

SKWD traded up $0.70 on Tuesday, reaching $61.57. 433,161 shares of the stock were exchanged, compared to its average volume of 503,324. The company’s 50-day moving average price is $54.61 and its 200 day moving average price is $48.63. The firm has a market capitalization of $2.50 billion, a PE ratio of 14.84 and a beta of 0.34. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $63.96.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the acquisition, the director owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas N. Schmitt sold 8,397 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the transaction, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. This represents a 44.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its position in Skyward Specialty Insurance Group by 30.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after purchasing an additional 1,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Skyward Specialty Insurance Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock worth $1,169,000 after buying an additional 967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Skyward Specialty Insurance Group by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock worth $5,282,000 after buying an additional 14,217 shares during the last quarter. Jane Street Group LLC grew its holdings in Skyward Specialty Insurance Group by 286.1% during the first quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after acquiring an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Skyward Specialty Insurance Group by 5.9% during the second quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after acquiring an additional 5,913 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

SKWD has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Piper Sandler upped their price target on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

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.