Skyward Specialty Insurance Group (NASDAQ:SKWD) Posts 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21, FiscalAI reports. The firm had revenue of $385.59 million during the quarter, compared to analysts’ expectations of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.During the same quarter in the prior year, the business earned $0.80 earnings per share.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD traded down $0.89 on Thursday, reaching $45.00. The company had a trading volume of 445,428 shares, compared to its average volume of 539,093. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 11.06 and a beta of 0.55. Skyward Specialty Insurance Group has a fifty-two week low of $42.45 and a fifty-two week high of $65.05. The business has a 50 day moving average of $47.03 and a two-hundred day moving average of $47.53.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of the business’s stock in a transaction that occurred 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 owned 8,059 shares in the company, valued at approximately $403,030.59. The trade was a 38.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.01% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently bought and sold shares of SKWD. California State Teachers Retirement System raised its stake in 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 acquiring an additional 341 shares during the period. Graham Capital Management L.P. grew its holdings in Skyward Specialty Insurance Group by 2.3% during the 4th 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 in the last quarter. Quarry LP lifted its stake in Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after purchasing an additional 844 shares in the last quarter. Osaic Holdings Inc. increased its stake in Skyward Specialty Insurance Group by 140.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after acquiring an additional 855 shares during the last quarter. 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 during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SKWD. 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 lifted their target price on Skyward Specialty Insurance Group from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Citizens Jmp set a $80.00 price target on Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a research report on Thursday, January 8th. Finally, Piper Sandler decreased their target price on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.70.

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.