Last Updated: 17 Sep 2024
Executive Summary
Skyward Specialty Insurance Group, Inc. (SKWD) is a specialty insurance provider focused on commercial property and casualty coverage. With a market capitalization of $1.56 billion, SKWD has a strong financial position with an EBITDA of $167 million and a trailing PE ratio of 13.14. Analysts have a positive outlook on the company, with 3 strong buy ratings and 4 buy ratings. The current stock price of $39.1 is below the analyst target price of $46.44, indicating potential upside.
Company Overview
Headquartered in Houston, Texas, Skyward Specialty Insurance Group underwrites commercial property and casualty insurance policies in the United States. The company's underwriting strategy focuses on niche markets, including energy, construction, and healthcare. Skyward has a team of experienced underwriters and a strong distribution network.
Fundamental Analysis
Financial Performance:
Revenue: $1.03 billion TTM
Gross Profit: $174 million TTM
Net Income: $118 million TTM
EPS: $2.96 TTM
Profitability:
Profit Margin: 11.5%
Operating Margin: 15.3%
Return on Assets: 3.27%
Return on Equity: 19.1%
Valuation:
P/E Ratio: 13.14
P/S Ratio: 1.513
P/B Ratio: 2.154
Technical Analysis
52-Week High: $42.26
52-Week Low: $26.2
50-Day Moving Average: $38.5
200-Day Moving Average: $35.75
The technical indicators suggest a bullish trend for SKWD. The stock is trading above its moving averages and has recently broken out of a consolidation pattern.
Short Term Outlook
In the short term, SKWD is expected to continue its positive momentum. The company's strong financial performance and positive analyst sentiment are likely to support further gains. The stock is currently trading at a discount to its analyst target price, providing a potential opportunity for investors.
Long Term Outlook
The long-term outlook for SKWD is also positive. The company's focus on niche markets and its experienced underwriting team are expected to drive continued growth. The increasing demand for specialty insurance coverage in the United States is also a favorable factor for SKWD.
Analyst Recommendations
Analysts have a positive outlook on Skyward Specialty Insurance Group, Inc. (SKWD), with 3 strong buy ratings and 4 buy ratings. The average analyst target price is $46.44, representing a potential upside of 18.5% from the current stock price of $39.1.
