Skyward Specialty Insurance Group (NASDAQ:SKWD) Issues Earnings Results, Beats Estimates By $0.21 EPS

Skyward Specialty Insurance Group (NASDAQ:SKWD) announced its earnings results on Monday. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21, FiscalAI reports. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 18.51%. The business had revenue of $385.59 million during the quarter, compared to analyst estimates of $380.86 million. During the same period in the previous year, the business earned $0.80 EPS.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock traded up $0.80 during mid-day trading on Wednesday, hitting $45.87. 416,259 shares of the stock traded hands, compared to its average volume of 537,086. The stock’s fifty day moving average is $47.11 and its two-hundred day moving average is $47.54. Skyward Specialty Insurance Group has a 52-week low of $42.45 and a 52-week high of $65.05. The stock has a market cap of $1.86 billion, a P/E ratio of 11.27 and a beta of 0.55.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research note on Friday, December 5th. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods boosted their target price on Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Barclays set a $63.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.60.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the transaction, the insider directly owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its position in shares of Skyward Specialty Insurance Group by 5.1% in the fourth quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock valued at $74,194,000 after purchasing an additional 70,255 shares during the period. Vident Advisory LLC acquired a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $257,000. VARCOV Co. purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $524,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of Skyward Specialty Insurance Group by 370.3% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 40,213 shares of the company’s stock worth $2,055,000 after acquiring an additional 31,663 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $1,171,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.