What is William Blair's Forecast for SKWD FY2024 Earnings?

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) - Research analysts at William Blair upped their FY2024 earnings per share estimates for Skyward Specialty Insurance Group in a research report issued to clients and investors on Friday, February 7th. William Blair analyst A. Klauber now anticipates that the company will post earnings per share of $3.07 for the year, up from their previous forecast of $3.03. The consensus estimate for Skyward Specialty Insurance Group's current full-year earnings is $3.07 per share. William Blair also issued estimates for Skyward Specialty Insurance Group's Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.03 EPS and FY2025 earnings at $3.48 EPS.

Other equities analysts have also recently issued research reports about the company. JMP Securities reiterated a "market outperform" rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday. Piper Sandler dropped their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Barclays lifted their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. TD Cowen assumed coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 target price for the company. Finally, Raymond James lifted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.44.

Skyward Specialty Insurance Group Trading Up 4.3 %

SKWD traded up $2.09 on Monday, hitting $50.82. 255,774 shares of the company's stock traded hands, compared to its average volume of 393,199. The company's 50 day simple moving average is $47.67 and its 200-day simple moving average is $45.04. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group has a one year low of $31.73 and a one year high of $55.62.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently bought and sold shares of SKWD. Vanguard Group Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock valued at $114,990,000 after acquiring an additional 16,572 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock valued at $79,744,000 after acquiring an additional 553,389 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Skyward Specialty Insurance Group by 1.0% during the third quarter. Jennison Associates LLC now owns 1,296,001 shares of the company's stock valued at $52,786,000 after acquiring an additional 12,484 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Skyward Specialty Insurance Group by 9.1% during the fourth quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock valued at $61,524,000 after acquiring an additional 102,042 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock valued at $58,860,000 after acquiring an additional 47,363 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson sold 6,010 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total value of $296,713.70. Following the sale, the chief executive officer now owns 77,144 shares in the company, valued at $3,808,599.28. This represents a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas N. Schmitt sold 637 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the transaction, the insider now owns 10,792 shares in the company, valued at $515,965.52. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,318 shares of company stock worth $2,098,866. 8.01% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Company Profile

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.