Piper Sandler Has Lowered Expectations for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target reduced by stock analysts at Piper Sandler from $65.00 to $55.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 21.21% from the company’s current price.

SKWD has been the topic of a number of other research reports. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. Susquehanna set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Citizens Jmp set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Finally, Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.70.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD traded down $0.52 on Thursday, reaching $45.38. 128,883 shares of the company’s stock traded hands, compared to its average volume of 530,488. The stock has a market cap of $1.84 billion, a PE ratio of 11.13 and a beta of 0.55. Skyward Specialty Insurance Group has a 12 month low of $42.45 and a 12 month high of $65.05. The stock has a 50-day simple moving average of $47.03 and a 200 day simple moving average of $47.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.The business had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. During the same period in the previous year, the firm earned $0.80 EPS. As a group, analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the transaction, the insider owned 8,059 shares in the company, valued at approximately $403,030.59. This represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Skyward Specialty Insurance Group by 30.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after buying an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock worth $1,169,000 after acquiring an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Skyward Specialty Insurance Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock valued at $5,282,000 after acquiring an additional 14,217 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Skyward Specialty Insurance Group by 286.1% in the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after buying an additional 25,022 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Skyward Specialty Insurance Group by 10.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,041 shares of the company’s stock valued at $291,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors 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.