Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $68.64 Average PT from Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $68.6364.

A number of analysts have recently commented on SKWD shares. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating on shares of Skyward Specialty Insurance Group in a research note on Monday. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $58.04 on Thursday. The company has a market cap of $2.58 billion, a PE ratio of 13.53 and a beta of 0.34. Skyward Specialty Insurance Group has a 52-week low of $40.60 and a 52-week high of $65.69. The stock has a 50-day simple moving average of $59.00 and a 200 day simple moving average of $50.37.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The business had revenue of $489.53 million for the quarter, compared to analyst estimates of $706.59 million. On average, research analysts predict that Skyward Specialty Insurance Group will post 4.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the business’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 owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of institutional investors have recently added to or reduced their stakes in SKWD. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Skyward Specialty Insurance Group during the second quarter worth $799,000. California State Teachers Retirement System grew its position in shares of Skyward Specialty Insurance Group by 5,684.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,620,674 shares of the company’s stock valued at $152,916,000 after acquiring an additional 2,575,371 shares during the period. Nykredit A S bought a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at about $37,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Skyward Specialty Insurance Group during the 2nd quarter worth about $873,000. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Skyward Specialty Insurance Group by 329.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,370 shares of the company’s stock worth $3,406,000 after purchasing an additional 44,764 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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.