Skyward Specialty Insurance Group (NASDAQ:SKWD) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Skyward Specialty Insurance Group (NASDAQ:SKWD) issued its quarterly earnings results on Monday. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21, FiscalAI reports. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. The company had revenue of $385.59 million for the quarter, compared to analyst estimates of $380.86 million. During the same quarter in the previous year, the business earned $0.80 earnings per share.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $47.16 on Tuesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.91 and a beta of 0.55. Skyward Specialty Insurance Group has a 52-week low of $42.45 and a 52-week high of $65.05. The stock’s 50 day moving average price is $47.19 and its two-hundred day moving average price is $47.56.

Wall Street Analyst Weigh In

Several research analysts have commented on SKWD shares. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Citizens Jmp set a $80.00 price objective on Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. 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. Finally, Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.60.

Insider Transactions at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the stock in a transaction on Thursday, December 18th. The shares were 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 $403,030.59. This represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently made changes to their positions in SKWD. Invesco Ltd. grew its stake in shares of Skyward Specialty Insurance Group by 5.1% in the 4th quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock valued at $74,194,000 after buying an additional 70,255 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Skyward Specialty Insurance Group by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock worth $60,511,000 after acquiring an additional 33,677 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after acquiring an additional 762,079 shares during the period. Ameriprise Financial Inc. grew its stake in Skyward Specialty Insurance Group by 46.7% in the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock valued at $54,682,000 after acquiring an additional 301,288 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Skyward Specialty Insurance Group by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 937,120 shares of the company’s stock valued at $47,904,000 after acquiring an additional 7,100 shares in the last quarter. Institutional investors and hedge funds 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.