Skyward Specialty Insurance Group (NASDAQ:SKWD) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Skyward Specialty Insurance Group (NASDAQ:SKWD) posted its earnings results on Wednesday. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.11 by $0.14, FiscalAI reports. The company 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 17.98% and a net margin of 12.00%.The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share.

Skyward Specialty Insurance Group Stock Up 0.5%

SKWD traded up $0.20 during trading on Thursday, reaching $44.04. The stock had a trading volume of 77,401 shares, compared to its average volume of 481,150. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.75 and a beta of 0.54. Skyward Specialty Insurance Group has a 1-year low of $40.60 and a 1-year high of $65.05. The stock has a 50 day moving average of $45.16 and a two-hundred day moving average of $46.51.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Zacks Research lowered Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Barclays decreased their price objective on Skyward Specialty Insurance Group from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.38.

Insiders Place Their Bets

In related news, Director Anthony J. Kuczinski acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $48.13 per share, for a total transaction of $48,130.00. Following the transaction, the director owned 11,903 shares of the company’s stock, valued at approximately $572,891.39. The trade was a 9.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher Locke Peirce acquired 3,200 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average price of $47.30 per share, with a total value of $151,360.00. Following the transaction, the director directly owned 3,200 shares in the company, valued at approximately $151,360. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 30,500 shares of company stock worth $1,433,546 over the last ninety days. Company insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Skyward Specialty Insurance Group by 5.1% during the 4th quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock valued at $74,194,000 after acquiring an additional 70,255 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Skyward Specialty Insurance Group by 2.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock valued at $60,511,000 after acquiring an additional 33,677 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Skyward Specialty Insurance Group by 411.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after acquiring an additional 762,079 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Skyward Specialty Insurance Group by 46.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock valued at $54,682,000 after acquiring an additional 301,288 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Skyward Specialty Insurance Group by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 937,120 shares of the company’s stock valued at $47,904,000 after acquiring an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.