Skyward Specialty Insurance Group (NASDAQ:SKWD) Hits New 12-Month Low – Should You Sell?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) hit a new 52-week low during trading on Thursday . The stock traded as low as $42.08 and last traded at $42.2250, with a volume of 71494 shares traded. The stock had previously closed at $42.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SKWD shares. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Piper Sandler lowered their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, December 5th. Finally, Zacks Research downgraded Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.80.

Skyward Specialty Insurance Group Stock Performance

The company has a market cap of $1.86 billion, a P/E ratio of 10.28 and a beta of 0.54. The stock has a 50-day moving average of $45.72 and a two-hundred day moving average of $47.27.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released 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 17.98% and a net margin of 12.00%.The business 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 company posted $0.80 earnings per share. Research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Christopher Locke Peirce acquired 3,200 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the purchase, the director owned 3,200 shares in the company, valued at $151,360. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony J. Kuczinski bought 2,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of $48.79 per share, with a total value of $97,580.00. Following the completion of the acquisition, the director directly owned 10,903 shares of the company’s stock, valued at approximately $531,957.37. The trade was a 22.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 30,500 shares of company stock valued at $1,433,546 in the last quarter. 8.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in Skyward Specialty Insurance Group in the 4th quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after purchasing an additional 690 shares in the last quarter. Quarry LP raised its stake in shares of Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after purchasing an additional 844 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth $65,000. Hedge funds and other institutional investors 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.