Analysts Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) PT at $65.80

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $65.80.

Several research firms have recently commented on SKWD. Piper Sandler reduced their price objective on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th.

Insider Buying and Selling

In other news, Director Anthony J. Kuczinski purchased 1,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $48.13 per share, for a total transaction of $48,130.00. Following the completion of the transaction, the director directly owned 11,903 shares in the company, valued at $572,891.39. This trade represents a 9.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew S. Robinson acquired 22,100 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the purchase, the chief executive officer owned 167,674 shares of the company’s stock, valued at approximately $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 30,500 shares of company stock valued at $1,433,546. 8.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in Skyward Specialty Insurance Group by 30.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after buying an additional 1,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Skyward Specialty Insurance Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after acquiring an additional 967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Skyward Specialty Insurance Group by 16.6% during 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 valued at $5,282,000 after acquiring an additional 14,217 shares during the period. Jane Street Group LLC lifted its position in shares of Skyward Specialty Insurance Group by 286.1% in the first quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock valued at $1,787,000 after acquiring an additional 25,022 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Skyward Specialty Insurance Group by 5.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,516 shares of the company’s stock worth $492,000 after acquiring an additional 460 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 1.7%

SKWD opened at $43.15 on Monday. The company’s 50 day moving average is $45.33 and its 200 day moving average is $47.01. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 10.60 and a beta of 0.54. Skyward Specialty Insurance Group has a 12-month low of $40.60 and a 12-month high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. The business had revenue of $385.59 million during the quarter, compared to analysts’ expectations of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, analysts predict that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

About Skyward Specialty Insurance Group

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.