Should I buy or sell Skyward Specialty Insurance Group stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skyward Specialty Insurance Group in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKWD shares. View SKWD analyst ratings or view top-rated stocks .

What is Skyward Specialty Insurance Group's stock price target for 2024?

9 brokerages have issued 12-month price objectives for Skyward Specialty Insurance Group's stock. Their SKWD share price targets range from $25.00 to $40.00. On average, they expect the company's stock price to reach $35.11 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price. View analysts price targets for SKWD or view top-rated stocks among Wall Street analysts .

How have SKWD shares performed in 2024?

Skyward Specialty Insurance Group's stock was trading at $33.88 at the beginning of 2024. Since then, SKWD shares have decreased by 8.6% and is now trading at $30.95. View the best growth stocks for 2024 here .

When is Skyward Specialty Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our SKWD earnings forecast .

How can I listen to Skyward Specialty Insurance Group's earnings call?

Skyward Specialty Insurance Group will be holding an earnings conference call on Wednesday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link .

When did Skyward Specialty Insurance Group IPO?

(SKWD) raised $134 million in an initial public offering on Friday, January 13th 2023. The company issued 8,952,383 shares at $14.00-$16.00 per share.

Who are Skyward Specialty Insurance Group's major shareholders?

Skyward Specialty Insurance Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Jennison Associates LLC (2.26%), Victory Capital Management Inc. (1.49%), Peregrine Capital Management LLC (1.38%), Federated Hermes Inc. (1.09%), Allspring Global Investments Holdings LLC (1.03%) and Norges Bank (0.81%). Insiders that own company stock include Anthony J Kuczinski, Corp Westaim and James Charles Hays. View institutional ownership trends .

How do I buy shares of Skyward Specialty Insurance Group?

Shares of SKWD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SKWD

Skyward Specialty Insurance Group (SKWD) Stock Price, News & Analysis

$30.95

+0.94 (+3.13%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $29.76
▼
$31.00
50-Day Range: $29.66
▼
$34.20
52-Week Range: $17.56
▼
$34.53

Volume: 248,800 shs
Average Volume: 284,039 shs
Market Capitalization: $1.17 billion

P/E Ratio: 14.53
Dividend Yield: N/A
Price Target: $35.11

Get Skyward Specialty Insurance Group alerts:

Skyward Specialty Insurance Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 13.4% Upside
$35.11 Price Target
Short Interest: Bearish
6.99% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.14
Based on 3 Articles This Week
Insider Trading: Selling Shares
$109.80 M Sold Last Quarter
Proj. Earnings Growth: 17.48%
From $2.06 to $2.42 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.73 out of 5 stars

Finance Sector

367th out of 849 stocks

Fire, Marine, & Casualty Insurance Industry

21st out of 50 stocks

3.5

Analyst's Opinion

Consensus Rating
Skyward Specialty Insurance Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.11, Skyward Specialty Insurance Group has a forecasted upside of 13.4% from its current price of $30.95.
Amount of Analyst Coverage
Skyward Specialty Insurance Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.99% of the float of Skyward Specialty Insurance Group has been sold short.
Short Interest Ratio / Days to Cover
Skyward Specialty Insurance Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Skyward Specialty Insurance Group has recently increased by 4.07%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Skyward Specialty Insurance Group does not currently pay a dividend.
Dividend Growth
Skyward Specialty Insurance Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SKWD.

2.9

News and Social Media Coverage

News Sentiment
Skyward Specialty Insurance Group has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Skyward Specialty Insurance Group this week, compared to 1 article on an average week.
Search Interest
Only 3 people have searched for SKWD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Skyward Specialty Insurance Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Skyward Specialty Insurance Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $109,800,000.00 in company stock.
Percentage Held by Institutions
41.33% of the stock of Skyward Specialty Insurance Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Skyward Specialty Insurance Group are expected to grow by 17.48% in the coming year, from $2.06 to $2.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Skyward Specialty Insurance Group is 14.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Skyward Specialty Insurance Group is 14.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.47.
Price to Book Value per Share Ratio
Skyward Specialty Insurance Group has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Skyward Specialty Insurance Group Stock (NASDAQ:SKWD)

Skyward Specialty Insurance Group, Inc., an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products. The company was incorporated in 2006 and is headquartered in Houston, Texas.

SKWD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SKWD Stock News Headlines

February 9, 2024 | americanbankingnews.com

Financial Survey: Skyward Specialty Insurance Group (NASDAQ:SKWD) vs. Fidelis Insurance (NYSE:FIHL)

February 7, 2024 | americanbankingnews.com

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Given Consensus Rating of "Buy" by Brokerages

February 12, 2024 | The Freeport Society (Ad)

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January 31, 2024 | finance.yahoo.com

Skyward Specialty to Host Fourth-Quarter 2023 Earnings Call Wednesday, February 21, 2024

January 17, 2024 | finance.yahoo.com

Skyward Specialty Enters Media Liability With Addition of New Team

January 11, 2024 | markets.businessinsider.com

In-Depth Examination Of 6 Analyst Recommendations For Skyward Specialty

January 3, 2024 | finance.yahoo.com

Skyward Specialty chooses Milliman Datalytics-Defense for its AI-enabled legal spend insights

December 19, 2023 | morningstar.com

Skyward Specialty Insurance Group Inc

February 12, 2024 | The Freeport Society (Ad)

Obama’s 2024 Confession

December 12, 2023 | markets.businessinsider.com

What 6 Analyst Ratings Have To Say About Skyward Specialty

November 30, 2023 | msn.com

Skyward Specialty Insurance says chair MacDonald resigns from the role

November 30, 2023 | finance.yahoo.com

Skyward Specialty Announces Leadership Changes To Its Board Of Directors

November 21, 2023 | msn.com

Skyward Specialty Insurance says Westaim sells 3.6M shares in co

November 16, 2023 | tmcnet.com

Westaim Announces Pricing of Skyward Specialty's Upsized Follow-On Offering

November 16, 2023 | markets.businessinsider.com

Skyward Specialty Announces Pricing of Its Upsized Follow-On Offering of Its Common Stock

November 13, 2023 | msn.com

Skyward Specialty announces follow-on offering of 2.15M shares

November 13, 2023 | finance.yahoo.com

Skyward Specialty Announces Follow-On Offering of its Common Stock

November 13, 2023 | finance.yahoo.com

Westaim Announces Participation in Skyward Specialty Follow-On Offering

November 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: CNO Financial (CNO) and Skyward Specialty Insurance Group, Inc. (SKWD)

November 6, 2023 | finance.yahoo.com

Skyward Specialty Insurance Group Reports Third Quarter 2023 Results

November 6, 2023 | finance.yahoo.com

Skyward Specialty Insurance Group Inc (SKWD) Reports Strong Q3 2023 Results

November 1, 2023 | finance.yahoo.com

Skyward Specialty Adds Seven in Strategic Move to Reach New Surety Markets

November 1, 2023 | finance.yahoo.com

Skyward Specialty Adds Seven in Strategic Move to Reach New Surety Markets

October 23, 2023 | msn.com

Skyward Specialty Sees Favorable Market Environment As All Segments Shine

October 19, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Buy Rating for Skyward Specialty Insurance Group, Inc. (SKWD)

October 11, 2023 | theglobeandmail.com

Chart of the Day: Skyward Specialty Insurance Group Hits New All Time Highs

October 10, 2023 | finance.yahoo.com

Skyward Specialty to Host Third Quarter 2023 Earnings Call Tuesday, November 7, 2023

See More Headlines

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Company Calendar

Today: 2/12/2024
Next Earnings (Confirmed): 2/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Current Symbol: NASDAQ:SKWD
CUSIP: N/A
CIK: 1519449
Web: www.skywardinsurance.com
Phone: 713-935-4800
Fax: N/A
Employees: 448
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $35.11
High Stock Price Target: $40.00
Low Stock Price Target: $25.00
Potential Upside/Downside: +13.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.13
Trailing P/E Ratio: 14.53
Forward P/E Ratio: 15.02
P/E Growth: N/A
Net Income: $39.40 million
Net Margins: 9.17%
Pretax Margin: 11.91%
Return on Equity: 13.48%
Return on Assets: 2.52%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.43
Quick Ratio: 0.43

Sales & Book Value

Annual Sales: $642.42 million
Price / Sales: 1.82
Cash Flow: $1.67 per share
Price / Cash Flow: 18.57
Book Value: $11.21 per share
Price / Book: 2.76

Miscellaneous

Outstanding Shares: 37,680,000
Free Float: 34,114,000
Market Cap: $1.17 billion
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Andrew Scott Robinson (Age 58)
CEO & Chairperson of the Board
Comp: $1.86M
Mr. Stephen Lyndon Way (Age 75)
Founder
Comp: $4.57M
Mr. Mark William Haushill CPA (Age 62)
Executive VP & CFO
Comp: $665.25k
Mr. Kirby Allen Hill (Age 59)
Executive VP and President of Industry Solutions, Captives & Programs
Comp: $600.25k
Mr. John Ambrose Burkhart (Age 54)
Executive VP & President of Specialty Lines
Comp: $705.25k
Mr. Daniel Paul K. Bodnar (Age 57)
Chief Information & Technology Officer
Mr. Thomas N. Schmitt (Age 64)
Chief People & Administrative Officer
Natalie Schoolcraft
Head of Investor Relations
Ms. Leslie Kay Shaunty (Age 55)
General Counsel & Secretary
Mr. Lyndon Byron Way (Age 49)
CEO of Accident & Health Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SKWD Stock Analysis - Frequently Asked Questions

Should I buy or sell Skyward Specialty Insurance Group stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skyward Specialty Insurance Group in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKWD shares.
View SKWD analyst ratings or view top-rated stocks.
What is Skyward Specialty Insurance Group's stock price target for 2024?: 9 brokerages have issued 12-month price objectives for Skyward Specialty Insurance Group's stock. Their SKWD share price targets range from $25.00 to $40.00. On average, they expect the company's stock price to reach $35.11 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for SKWD or view top-rated stocks among Wall Street analysts.
How have SKWD shares performed in 2024?: Skyward Specialty Insurance Group's stock was trading at $33.88 at the beginning of 2024. Since then, SKWD shares have decreased by 8.6% and is now trading at $30.95.
View the best growth stocks for 2024 here.
When is Skyward Specialty Insurance Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our SKWD earnings forecast.

How can I listen to Skyward Specialty Insurance Group's earnings call?: Skyward Specialty Insurance Group will be holding an earnings conference call on Wednesday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
When did Skyward Specialty Insurance Group IPO?: (SKWD) raised $134 million in an initial public offering on Friday, January 13th 2023. The company issued 8,952,383 shares at $14.00-$16.00 per share.
Who are Skyward Specialty Insurance Group's major shareholders?: Skyward Specialty Insurance Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Jennison Associates LLC (2.26%), Victory Capital Management Inc. (1.49%), Peregrine Capital Management LLC (1.38%), Federated Hermes Inc. (1.09%), Allspring Global Investments Holdings LLC (1.03%) and Norges Bank (0.81%). Insiders that own company stock include Anthony J Kuczinski, Corp Westaim and James Charles Hays.
View institutional ownership trends.
How do I buy shares of Skyward Specialty Insurance Group?: Shares of SKWD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SKWD) was last updated on 2/12/2024 by MarketBeat.com Staff

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