Skyward Specialty Insurance Group (NASDAQ:SKWD) Raised to “Strong-Buy” at Barclays

Skyward Specialty Insurance Group (NASDAQ:SKWD) was upgraded by research analysts at Barclays to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, October 31st. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Wolfe Research upgraded Skyward Specialty Insurance Group to an “outperform” rating in a report on Monday, September 15th. Citizens Jmp boosted their price target on Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, December 4th. Finally, Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average target price of $64.45.

Skyward Specialty Insurance Group Trading Down 1.2%

NASDAQ SKWD opened at $46.66 on Thursday. The business’s 50-day moving average price is $48.67 and its 200 day moving average price is $49.36. Skyward Specialty Insurance Group has a twelve month low of $41.28 and a twelve month high of $65.05. The company has a market capitalization of $1.89 billion, a PE ratio of 13.76 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.85 by $0.20. The company had revenue of $382.53 million during the quarter, compared to analysts’ expectations of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same quarter in the previous year, the business earned $0.71 EPS. Equities analysts predict that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider directly owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. The trade was a 38.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Skyward Specialty Insurance Group by 2,223.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after buying an additional 578 shares in the last quarter. Assetmark Inc. boosted its position in Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after buying an additional 690 shares during the last quarter. Quarry LP grew its stake in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Skyward Specialty Insurance Group by 140.9% during the second quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after acquiring an additional 855 shares during the last quarter. Hedge funds and other 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.