Streetbeat News

SKWD

Skyward Specialty Insurance Group, Inc.

https://www.skywardinsurance.com

Industry

Insurance - Property & Casualty

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

Open

48.90

Mkt cap

2B

Volume

320K

High

49.91

P/E Ratio

17.25

52-wk high

55.62

Low

48.90

Div yield

N/A

52-wk low

33.27

Over the past three months, 7 analysts have shared their evaluations of Skyward Specialty (NASDAQ:SKWD), with the majority being somewhat bullish. Analysts have raised their 12-month price targets, reflecting an average target of $44.86, a 4.33% increase from the previous average. Skyward Specialty has shown strong financial performance with significant revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 1:00 pm

JMP Securities has maintained a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and raised the price target from $45 to $47.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 11:22 am

Keefe, Bruyette & Woods analyst Meyer Shields maintains an Outperform rating on Skyward Specialty (NASDAQ:SKWD) and raises the price target from $44 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:53 pm

Skyward Specialty Insurance (SKWD) has announced a secondary offering of 4.4 million shares priced at $36.50 per share by The Westaim Corporation. Skyward Specialty will not benefit financially from this offering as all proceeds go to The Westaim Corporation, who will also cover the underwriting discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:04 am

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) announced a secondary public offering of 4.4 million shares by The Westaim Corporation, through its subsidiary. The offering includes an option for underwriters to buy an additional 660,000 shares. Skyward Specialty will not receive any proceeds from this sale, and post-sale, Westaim's ownership will range between 4.80% and 6.45%, depending on the underwriters' option exercise.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:15 am

Truist Securities analyst Mark Hughes has maintained a Buy rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $44 to $47.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:07 pm

Skyward Specialty (NASDAQ:SKWD) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target for SKWD has been raised to $42.67, indicating a positive outlook from financial experts. Analysts from firms like JMP Securities, Keefe, Bruyette & Woods, Piper Sandler, and BMO Capital have adjusted their ratings and price targets, reflecting an optimistic view on the company's performance. Skyward Specialty's financial indicators such as revenue growth, ROE, and ROA have shown impressive results, surpassing industry averages and highlighting the company's strong market position.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:00 pm

JMP Securities analyst Matthew Carletti maintains a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and raises the price target from $42 to $45.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:27 pm

Skyward Specialty (NASDAQ:SKWD) reported Q1 2024 adjusted EPS of $0.75, surpassing the $0.63 estimate, marking a 78.57% increase from last year. However, their sales of $236.342M fell short of the $252.095M estimate, despite being a 29.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:39 pm

JMP Securities analyst Matthew Carletti maintains a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and raises the price target from $40 to $42.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:40 am

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