Key Points
- Director Christopher Locke Peirce purchased 3,200 shares on March 2 at an average price of $47.30, a $151,360 insider buy that the filing characterizes as an "∞" increase from prior ownership.
- Skyward beat the quarter with $1.17 EPS vs. $0.96 expected and $385.6M revenue, and recent analyst activity has pushed the consensus to a Moderate Buy with an average price target of $65.80.
- The stock trades near $48 (52-week range $42.45–$65.05), has a market cap of $1.95B and a PE of 11.85, and is heavily institutionally owned (about 94.8%).
Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) Director Christopher Locke Peirce purchased 3,200 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of $47.30 per share, for a total transaction of $151,360.00. Following the transaction, the director directly owned 3,200 shares in the company, valued at $151,360. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Skyward Specialty Insurance Group Stock Down 0.7%
SKWD opened at $48.22 on Wednesday. Skyward Specialty Insurance Group, Inc. has a 52 week low of $42.45 and a 52 week high of $65.05. The business has a 50 day moving average price of $46.66 and a two-hundred day moving average price of $47.47. The company has a market cap of $1.95 billion, a PE ratio of 11.85 and a beta of 0.54.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly 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 18.51% and a net margin of 12.00%.The business had revenue of $385.59 million during the quarter, compared to analysts' expectations of $380.86 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Susquehanna set a $80.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. Finally, Weiss Ratings raised shares of Skyward Specialty Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.80.
Get Our Latest Research Report on SKWD
Institutional Investors Weigh In On Skyward Specialty Insurance Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its stake in shares of Skyward Specialty Insurance Group by 407.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,384 shares of the company's stock worth $2,587,000 after purchasing an additional 43,666 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Skyward Specialty Insurance Group by 116.6% during the 2nd quarter. Squarepoint Ops LLC now owns 89,436 shares of the company's stock valued at $5,169,000 after buying an additional 48,148 shares during the last quarter. Reinhart Partners LLC. increased its position in Skyward Specialty Insurance Group by 68.2% during the third quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company's stock worth $76,740,000 after buying an additional 654,500 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Skyward Specialty Insurance Group by 5.5% in the second quarter. Federated Hermes Inc. now owns 490,526 shares of the company's stock valued at $28,347,000 after acquiring an additional 25,711 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Skyward Specialty Insurance Group by 6.0% in the second quarter. American Century Companies Inc. now owns 598,762 shares of the company's stock valued at $34,602,000 after acquiring an additional 34,129 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
Skyward Specialty Insurance Group Company Profile
(
Get Free Report)
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.
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