Skyward Specialty Insurance Group (NASDAQ:SKWD) Upgraded by Texas Capital to Strong-Buy Rating

Texas Capital upgraded shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

SKWD has been the subject of a number of other research reports. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research lowered Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Barclays upped their price objective on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.00.

Skyward Specialty Insurance Group Stock Up 4.7%

Shares of SKWD opened at $48.95 on Tuesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 11.80 and a beta of 0.49. The business has a 50-day simple moving average of $45.60 and a two-hundred day simple moving average of $46.35. Skyward Specialty Insurance Group has a 52 week low of $40.60 and a 52 week high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, equities analysts anticipate that Skyward Specialty Insurance Group will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Anthony J. Kuczinski purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director owned 15,977 shares in the company, valued at approximately $752,516.70. This represents a 14.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gena L. Ashe sold 740 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director directly owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. The trade was a 13.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Skyward Specialty Insurance Group by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock valued at $774,000 after purchasing an additional 228 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Skyward Specialty Insurance Group by 75.8% in 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. CWM LLC lifted its stake in shares of Skyward Specialty Insurance Group by 19.4% in the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after purchasing an additional 327 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Skyward Specialty Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after purchasing an additional 341 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Skyward Specialty Insurance Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after purchasing an additional 423 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

About Skyward Specialty Insurance Group

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.