Skyward Specialty Insurance Group (NASDAQ:SKWD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on SKWD. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Barclays raised their price objective on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Skyward Specialty Insurance Group Price Performance

SKWD stock opened at $62.00 on Friday. Skyward Specialty Insurance Group has a 1-year low of $40.60 and a 1-year high of $65.69. The business has a 50 day simple moving average of $56.40 and a two-hundred day simple moving average of $49.24. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.45 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 19.61%. The firm had revenue of $489.53 million for the quarter, compared to analysts’ expectations of $706.59 million. Sell-side analysts anticipate that Skyward Specialty Insurance Group will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the transaction, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the transaction, the insider directly owned 10,353 shares of the company’s stock, valued at approximately $531,315.96. The trade was a 44.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter worth approximately $214,576,000. Reinhart Partners LLC. raised its holdings in Skyward Specialty Insurance Group by 49.8% during the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after buying an additional 803,217 shares during the period. Balyasny Asset Management L.P. lifted its position in Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after buying an additional 762,079 shares during the last quarter. Wasatch Advisors LP boosted its stake in Skyward Specialty Insurance Group by 198.5% during the second quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock worth $55,694,000 after buying an additional 634,708 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in Skyward Specialty Insurance Group during the third quarter worth $24,234,000. 94.83% of the stock is owned by institutional investors.

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.