Key Points
- Director buying: Skyward Specialty Insurance Group director Anthony Kuczinski bought 2,000 shares at $47.10 each, a $94,200 transaction that increased his holdings by 14.31% to 15,977 shares.
- Recent performance: The company reported first-quarter EPS of $1.25, beating analyst estimates of $1.13, while revenue rose 9.9% year over year to $475.87 million despite coming in below expectations.
- Market and analyst view: SKWD traded around $47 and remains below the consensus analyst price target of $65.75, with the stock currently carrying a "Moderate Buy" rating overall.
Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) Director Anthony Kuczinski purchased 2,000 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the acquisition, the director owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Skyward Specialty Insurance Group Trading Down 0.8%
Shares of SKWD opened at $47.00 on Friday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $65.05. The firm's 50 day moving average is $44.96 and its 200-day moving average is $46.51. The stock has a market capitalization of $1.91 billion, a PE ratio of 11.33 and a beta of 0.54.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The company had revenue of $475.87 million for the quarter, compared to analysts' expectations of $665.12 million. During the same period last year, the firm earned $0.90 earnings per share. The business's revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.96 earnings per share for the current fiscal year.
Institutional Trading of Skyward Specialty Insurance Group
Large investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd boosted its position 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 acquiring an additional 43,666 shares in the last quarter. Vanguard Group Inc. raised its stake in Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company's stock worth $130,588,000 after acquiring an additional 102,191 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 9.2% in the 3rd quarter. American Century Companies Inc. now owns 654,123 shares of the company's stock valued at $31,110,000 after purchasing an additional 55,361 shares in the last quarter. Chilton Investment Co. Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 48.5% in the 3rd quarter. Chilton Investment Co. Inc. now owns 160,502 shares of the company's stock valued at $7,633,000 after purchasing an additional 52,439 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Skyward Specialty Insurance Group by 26.4% in the 4th quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company's stock valued at $7,534,000 after purchasing an additional 30,763 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on SKWD shares. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, March 13th. Piper Sandler lowered their target price on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. 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, Weiss Ratings cut shares of Skyward Specialty Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $65.75.
Read Our Latest Analysis on SKWD
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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