Skyward Specialty Insurance Group (NASDAQ:SKWD) Trading Down 6.3% – What’s Next?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) was down 6.3% during trading on Tuesday . The stock traded as low as $43.85 and last traded at $44.20. Approximately 124,520 shares changed hands during trading, a decline of 76% from the average daily volume of 514,044 shares. The stock had previously closed at $47.16.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SKWD shares. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research lowered Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Piper Sandler increased their target price on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.60.

Skyward Specialty Insurance Group Stock Down 8.4%

The company has a market cap of $1.75 billion, a P/E ratio of 12.74 and a beta of 0.55. The firm’s 50 day moving average is $47.19 and its two-hundred day moving average is $47.56.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.The firm had revenue of $385.59 million for the quarter, compared to the consensus estimate of $380.86 million. During the same period in the previous year, the business earned $0.80 EPS. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 8,059 shares in the company, valued at approximately $403,030.59. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several large investors have recently modified their holdings of the company. Invesco Ltd. lifted its holdings in Skyward Specialty Insurance Group by 5.1% in the fourth 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. Vident Advisory LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $257,000. VARCOV Co. acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $524,000. Susquehanna Fundamental Investments LLC boosted its position in shares of Skyward Specialty Insurance Group by 370.3% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 40,213 shares of the company’s stock valued at $2,055,000 after purchasing an additional 31,663 shares in the last quarter. Finally, Man Group plc acquired a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $1,171,000. 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.