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

Skyward Specialty Insurance Group (NASDAQ:SKWD) issued its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) 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 17.98%. The business had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. During the same quarter in the previous year, the firm posted $0.80 EPS.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $42.83 on Thursday. The company has a 50 day simple moving average of $45.72 and a two-hundred day simple moving average of $47.27. Skyward Specialty Insurance Group has a fifty-two week low of $42.45 and a fifty-two week high of $65.05. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.52 and a beta of 0.54.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler cut their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Barclays set a $63.00 price objective on Skyward Specialty Insurance Group in a report on Thursday, January 8th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Susquehanna set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Zacks Research cut shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.80.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson purchased 22,100 shares of the stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the acquisition, the chief executive officer directly owned 167,674 shares in the company, valued at $7,840,436.24. This trade represents a 15.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher Locke Peirce bought 3,200 shares of the stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $47.30 per share, for a total transaction of $151,360.00. Following the purchase, the director directly owned 3,200 shares in the company, valued at approximately $151,360. This trade represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 30,500 shares of company stock valued at $1,433,546 in the last ninety days. 8.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in shares of Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after acquiring an additional 341 shares during the period. Graham Capital Management L.P. grew its position in Skyward Specialty Insurance Group by 2.3% during the fourth quarter. Graham Capital Management L.P. now owns 23,842 shares of the company’s stock valued at $1,219,000 after buying an additional 536 shares during the period. Quarry LP raised its position in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after acquiring an additional 844 shares during the period. Osaic Holdings Inc. grew its position in shares of Skyward Specialty Insurance Group by 140.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock valued at $84,000 after acquiring an additional 855 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Skyward Specialty Insurance Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after purchasing an additional 967 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

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.