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

Company Overview

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. Skyward Specialty Insurance Group, Inc. was incorporated in 2006 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $45.46 to $46.23
• 50-Day Range: $34.14 to $45.73
• 52-Week Range: $27.12 to $46.23
• Volume: 159,353 shs
• Average Volume: 356,225 shs
• Market Capitalization: $1.83 billion
• P/E Ratio: 15.45
• Dividend Yield: N/A
• Price Target: $44.78
• Consensus Rating: Moderate Buy

Skyward Specialty Insurance Group Stock Analysis - MarketRank™

Skyward Specialty Insurance Group scored higher than 86% of companies evaluated by MarketBeat, and ranked 199th out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Skyward Specialty Insurance Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Skyward Specialty Insurance Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 9.73%

Earnings Growth

Earnings for Skyward Specialty Insurance Group are expected to grow by 9.73% in the coming year, from $2.98 to $3.27 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Skyward Specialty Insurance Group is 15.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.

Price to Earnings Ratio vs. Sector

The P/E ratio of Skyward Specialty Insurance Group is 15.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.95.

Price to Earnings Growth Ratio

Skyward Specialty Insurance Group has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Skyward Specialty Insurance Group has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.28% 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 3.1, 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 decreased by 15.62%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.28% 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 3.1, 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 decreased by 15.62%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.86

News Sentiment

Skyward Specialty Insurance Group has a news sentiment score of 0.86. 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 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Skyward Specialty Insurance Group this week, compared to 3 articles on an average week.

Search Interest

Only 7 people have searched for SKWD on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

MarketBeat Follows

5 people have added Skyward Specialty Insurance Group to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $60,946.00 in company stock.

Percentage Held by Insiders

Only 8.01% of the stock of Skyward Specialty Insurance Group is held by insiders.

Percentage Held by Institutions

94.83% 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.

SKWD Stock Analysis - Frequently Asked Questions

How have SKWD shares performed this year?

Skyward Specialty Insurance Group's stock was trading at $33.88 at the beginning of the year. Since then, SKWD shares have increased by 35.0% and is now trading at $45.73.
View the best growth stocks for 2024 here.

How were Skyward Specialty Insurance Group's earnings last quarter?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) issued its quarterly earnings data on Monday, August, 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.15. The company earned $279.94 million during the quarter, compared to analyst estimates of $282.70 million. Skyward Specialty Insurance Group had a net margin of 11.52% and a trailing twelve-month return on equity of 17.36%.

When did Skyward Specialty Insurance Group IPO?

Skyward Specialty Insurance Group (SKWD) raised $134 million in an IPO 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?

Top institutional shareholders of Skyward Specialty Insurance Group include SG Americas Securities LLC (0.03%) and CWM LLC (0.01%). Insiders that own company stock include Corp Westaim, Mark W Haushill, Andrew S Robinson, Kirby Hill, Anthony J Kuczinski and Katharine Terry.
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.

What other stocks do shareholders of Skyward Specialty Insurance Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Skyward Specialty Insurance Group investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 8/05/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:SKWD
• CUSIP: N/A
• CIK: 1519449
• Web: www.skywardinsurance.com
• Phone: 713-935-4800
• Fax: N/A
• Employees: 400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $44.78
• High Stock Price Target: $50.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: -2.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.96
• Trailing P/E Ratio: 15.45
• Forward P/E Ratio: 15.35
• P/E Growth: 0.85
• Net Income: $85.98 million
• Net Margins: 11.52%
• Pretax Margin: 14.82%
• Return on Equity: 17.36%
• Return on Assets: 3.65%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.45
• Quick Ratio: 0.45

Sales & Book Value

• Annual Sales: $885.97 million
• Price / Sales: 2.07
• Cash Flow: $2.26 per share
• Price / Cash Flow: 20.23
• Book Value: $17.54 per share
• Price / Book: 2.61

Miscellaneous

• Outstanding Shares: 40,100,000
• Free Float: 36,884,000
• Market Cap: $1.83 billion
• Optionable: Optionable
• Beta: 0.60