Skyward Specialty Insurance Group (NASDAQ:SKWD) Sets New 52-Week High – Here’s Why

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) hit a new 52-week high on Friday . The stock traded as high as $58.33 and last traded at $59.2220, with a volume of 730018 shares traded. The stock had previously closed at $55.40.

Analyst Upgrades and Downgrades

SKWD has been the subject of several recent research reports. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Skyward Specialty Insurance Group Stock Performance

The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 14.26 and a beta of 0.49. The company’s 50 day simple moving average is $47.31 and its 200 day simple moving average is $46.71.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. Sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the company’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 value of $430,934.04. Following the completion of the sale, the insider directly owned 10,353 shares in the company, valued at $531,315.96. This represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director owned 4,570 shares in the company, valued at approximately $211,819.50. This trade represents a 13.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SKWD. Financial Management Professionals Inc. bought a new stake in Skyward Specialty Insurance Group in the fourth quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter valued at about $37,000. Quarry LP boosted its position in shares of Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after purchasing an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter worth approximately $60,000. Institutional investors own 94.83% of the company’s stock.

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.