Anthony Kuczinski Buys 2,000 Shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Anthony Kuczinski purchased 2,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $46.88 per share, with a total value of $93,760.00. Following the completion of the transaction, the director owned 8,903 shares of the company’s stock, valued at approximately $417,372.64. The trade was a 28.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Skyward Specialty Insurance Group Stock Up 0.8%

Shares of Skyward Specialty Insurance Group stock traded up $0.37 on Wednesday, reaching $48.59. The stock had a trading volume of 347,563 shares, compared to its average volume of 546,089. The stock has a market capitalization of $1.97 billion, a P/E ratio of 11.94 and a beta of 0.54. The company has a 50 day moving average price of $46.66 and a 200 day moving average price of $47.47. Skyward Specialty Insurance Group, Inc. has a 1 year low of $42.45 and a 1 year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.The business had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. During the same quarter last year, the company earned $0.80 earnings per share. On average, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reinhart Partners LLC. lifted its position in shares of Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after acquiring an additional 803,217 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Skyward Specialty Insurance Group by 411.7% during the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after purchasing an additional 762,079 shares during the period. Invesco Ltd. boosted its holdings in Skyward Specialty Insurance Group by 46.3% in the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock valued at $103,452,000 after purchasing an additional 566,902 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at approximately $24,234,000. Finally, Langdon Equity Partners purchased a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $16,965,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SKWD. Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.80.

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.