SKWD
Skyward Specialty Insurance Group, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Buy
+40/100
Last price
56.49
▲ 1.30 (2.36%)
MARKET · —
Price
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Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
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vs
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Open
—
Prev close
55.19
Day high
56.50
Day low
54.83
Volume
387.04K
Market cap
$2.51B
P/E (TTM)
13.11
52W range
40.60 – 65.69
Trailing performance
Returnvs SPY
1W
+5.63%
+3.7%
1M
-1.48%
-2.6%
3M
-6.43%
-10.9%
6M
+28.47%
+10.3%
YTD
+10.53%
-3.7%
1Y
+22.09%
+5.7%
3Y
+106.47%
+24.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SKWD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+42.59K
Net buying
Buy transactions
12
51.72K shares
Sell transactions
2
9.14K shares
Net transactions
+14
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
3.63M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 12, 26 | SCHMITT THOMAS N Officer |
SELL | 8.40K | $430.96K | Direct |
| May 21, 26 | KUCZINSKI ANTHONY J Director |
BUY | 2.00K | $94.20K | Direct |
| May 11, 26 | ASHE GENA LYNN Director |
— | 1.80K | — | Direct |
| May 11, 26 | ASHE GENA LYNN Director |
SELL | 740 | $34.30K | Direct |
| May 7, 26 | KUCZINSKI ANTHONY J Director |
— | 1.80K | — | Direct |
| May 6, 26 | HAUSHILL MARK W Officer |
— | 5.04K | — | Direct |
| May 6, 26 | ROBINSON ANDREW S Chairman of the Board |
— | 20.15K | — | Direct |
| May 6, 26 | BURKHART JOHN A III Officer |
— | 4.81K | — | Direct |
| May 6, 26 | BODNAR DAN PK Chief Technology Officer |
— | 2.69K | — | Direct |
| May 6, 26 | DUFFY SEAN W Officer |
— | 3.81K | — | Direct |
| May 6, 26 | KAPADIA SANDIP A Officer |
— | 2.69K | — | Direct |
| May 6, 26 | SCHMITT THOMAS N Officer |
— | 3.36K | — | Direct |
| May 5, 26 | CREAGER ROBERT E Director |
— | 1.80K | — | Direct |
| May 5, 26 | HAYS JAMES CHARLES Director |
— | 1.80K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BODNAR DAN PK |
Chief Technology Officer | 28.15K | Conversion of Exercise of derivative security |
BURKHART JOHN A III |
Officer | 37.74K | Conversion of Exercise of derivative security |
CREAGER ROBERT E |
Director | 54.83K | Conversion of Exercise of derivative security |
DUFFY SEAN W |
Officer | 20.10K | Conversion of Exercise of derivative security |
HAUSHILL MARK W |
Officer | 139.47K | Conversion of Exercise of derivative security |
HAYS JAMES CHARLES |
Director | 2.82M | Conversion of Exercise of derivative security |
IBESON DAVID CHRISTOPHER BEN |
Officer | — | Stock Award(Grant) |
ROBINSON ANDREW S |
Chairman of the Board | 179.89K | Conversion of Exercise of derivative security |
SHAUNTY LESLIE |
General Counsel | 26.10K | Conversion of Exercise of derivative security |
SLAUGHTER JAMES RICHARD |
Officer | — | Stock Award(Grant) |
Fundamentals
Market cap$2.51B
Enterprise value$2.33B
Revenue (TTM)$1.73B
Gross profit$528.03M
EBITDA$296.10M
Net income$187.90M
EPS (TTM)$4.31
Free cash flow$-592.20M
Total cash$611.85M
Total debt$437.20M
Book value / share$28.55
Shares outstanding44.40M
Float40.58M
Short % of float5.17%
Dividend yield0.00%
Beta (5Y)0.36
Valuation & profitability ratios
Trailing P/E13.11
Forward P/E10.21
PEG ratio0.85
Price / sales—
Price / book1.98
EV / revenue1.35
EV / EBITDA7.88
Gross margin30.46%
Operating margin14.78%
Profit margin10.84%
Return on equity17.34%
Return on assets3.10%
Debt / equity34.49
Current ratio1.98
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.42B | $1.15B | $895.40M | $636.40M | +23.7% |
| Operating revenue | $1.42B | $1.15B | $895.40M | $636.40M | +23.7% |
| Net interest income | -$7.92M | -$9.50M | -$10.02M | -$6.41M | +16.6% |
| Pre-tax income | $216.42M | $152.74M | $110.10M | $49.78M | +41.7% |
| Tax provision | $46.40M | $33.91M | $24.12M | $10.39M | +36.8% |
| Net income | $170.03M | $118.83M | $85.98M | $39.40M | +43.1% |
| Net income to common | $170.03M | $118.83M | $84.31M | $20.52M | +43.1% |
| Basic EPS | 4.21 | 2.97 | 2.34 | 1.05 | +41.8% |
| Diluted EPS | 4.07 | 2.87 | 2.24 | 1.05 | +41.8% |
| EBIT | $224.34M | $162.24M | $120.13M | $56.19M | +38.3% |
| Basic shares | 40.41M | 40.06M | 36.03M | 37.60M | +0.9% |
| Diluted shares | 41.81M | 41.38M | 38.32M | 37.60M | +1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $168.54M | $121.60M | $65.89M | $45.44M | +38.6% |
| Cash & short-term investments | $1.55B | $1.69B | $1.35B | $774.17M | -8.1% |
| Accounts receivable | $1.66B | $1.18B | $775.57M | $720.57M | +41.1% |
| Property, plant & equipment | $15.14M | $12.18M | $9.07M | $8.67M | +24.3% |
| Goodwill & intangibles | $88.04M | $87.35M | $88.44M | $89.87M | +0.8% |
| Total assets | $4.79B | $3.73B | $2.95B | $2.36B | +28.5% |
| Current debt | — | $43.00M | $50.00M | — | — |
| Long-term debt | $119.98M | $119.54M | $78.69M | $128.61M | +0.4% |
| Total debt | $119.98M | $119.54M | $128.69M | $128.61M | +0.4% |
| Total liabilities | $3.78B | $2.94B | $2.29B | $1.94B | +28.8% |
| Retained earnings | $267.15M | $97.12M | -$21.71M | -$105.42M | +175.1% |
| Shareholder equity | $1.01B | $794.00M | $661.03M | $421.66M | +27.1% |
| Net tangible assets | $921.52M | $706.65M | $572.60M | $331.79M | +30.4% |
| Shares issued | 40.51M | 40.13M | 39.86M | 37.60M | +1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $170.03M | $118.83M | $85.98M | $39.40M | — | +43.1% |
| Depreciation & amortisation | $3.54M | $3.36M | $3.89M | $4.10M | — | +5.3% |
| Stock-based compensation | $11.96M | $9.39M | $8.53M | $2.29M | — | +27.3% |
| Change in working capital | $275.83M | $194.84M | $234.73M | $153.22M | — | +41.6% |
| Operating cash flow | $408.08M | $305.12M | $338.19M | $208.94M | — | +33.7% |
| Capital expenditure | -$7.45M | -$4.22M | -$3.16M | -$2.33M | — | -76.5% |
| Investing cash flow | -$366.90M | -$243.69M | -$493.81M | -$193.38M | — | -50.6% |
| Share buybacks | — | — | — | — | $0 | — |
| Financing cash flow | $411.00K | -$4.23M | $130.95M | $2.18M | — | +109.7% |
| Free cash flow | $400.62M | $300.89M | $335.03M | $206.61M | — | +33.1% |
| End cash position | $199.11M | $157.53M | $100.34M | $125.01M | — | +26.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $490.59M | $477.16M | $385.73M | $382.18M | $320.80M | +2.8% |
| Operating revenue | $490.59M | $477.16M | $385.73M | $382.18M | $320.80M | +2.8% |
| Net interest income | -$8.81M | -$7.72M | -$2.29M | -$1.92M | -$1.88M | -14.2% |
| Pre-tax income | $63.56M | $62.08M | $54.65M | $60.55M | $49.80M | +2.4% |
| Tax provision | $14.52M | $12.35M | $11.42M | $14.65M | $10.96M | +17.6% |
| Net income | $49.04M | $49.73M | $43.23M | $45.90M | $38.84M | -1.4% |
| Net income to common | $49.04M | $49.73M | $43.23M | $45.90M | $38.84M | -1.4% |
| Basic EPS | 1.10 | 1.12 | 1.07 | 1.13 | 0.96 | -1.8% |
| Diluted EPS | 1.07 | 1.09 | 1.03 | 1.10 | 0.93 | -1.8% |
| EBIT | $72.37M | $69.80M | $56.94M | $62.47M | $51.67M | +3.7% |
| Basic shares | 44.52M | 44.46M | 40.49M | 40.49M | 40.45M | +0.1% |
| Diluted shares | 45.69M | 45.44M | 41.90M | 41.87M | 41.87M | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $219.22M | $255.91M | $168.54M | $160.07M | $136.62M | — | -14.3% |
| Cash & short-term investments | $1.83B | $1.83B | $1.55B | $1.48B | $1.32B | — | -0.2% |
| Accounts receivable | $2.39B | $2.17B | $1.66B | $1.51B | $1.44B | — | +10.3% |
| Property, plant & equipment | — | — | $15.14M | — | — | — | — |
| Goodwill & intangibles | $471.19M | $473.32M | $88.04M | $88.42M | $88.80M | — | -0.5% |
| Total assets | $6.78B | $6.55B | $4.79B | $4.59B | $4.34B | — | +3.6% |
| Current debt | $360.62M | $409.42M | — | $43.00M | $43.00M | $43.00M | -11.9% |
| Long-term debt | $76.58M | $76.58M | $119.98M | $76.56M | $76.55M | — | +0.0% |
| Total debt | $437.20M | $486.00M | $119.98M | $119.56M | $119.55M | — | -10.0% |
| Total liabilities | $5.51B | $5.32B | $3.78B | $3.63B | $3.44B | — | +3.6% |
| Retained earnings | $365.92M | $316.88M | $267.15M | $223.92M | $178.02M | — | +15.5% |
| Shareholder equity | $1.27B | $1.22B | $1.01B | $961.42M | $899.91M | — | +3.5% |
| Net tangible assets | $796.35M | $751.57M | $921.52M | $873.01M | $811.12M | — | +6.0% |
| Shares issued | 40.54M | 44.73M | 40.51M | 40.49M | 40.49M | — | -9.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $49.04M | $49.73M | $43.23M | $45.90M | $38.84M | — | -1.4% |
| Operating cash flow | $67.63M | $116.54M | $51.77M | $171.37M | $88.18M | — | -42.0% |
| Capital expenditure | — | — | -$1.71M | -$2.46M | -$3.08M | -$202.00K | — |
| Investing cash flow | -$20.78M | -$361.84M | -$51.33M | -$146.27M | -$68.52M | — | +94.3% |
| Share buybacks | -$10.76M | -$8.66M | — | — | $0 | $0 | -24.2% |
| Financing cash flow | -$60.76M | $362.62M | $411.00K | $0 | $0 | — | -116.8% |
| Free cash flow | -$236.37M | $116.54M | $50.06M | $168.91M | $85.09M | — | -302.8% |
| End cash position | $302.52M | $316.43M | $199.11M | $198.26M | $173.16M | — | -4.4% |
Options analytics
Put / call volume
0.73
Call-heavy session
Put / call open interest
0.31
Positioning, not flow
Max pain
55.00
-2.6% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+270.8%
Puts bid over calls
Call volume
108
Contracts, this expiry
Put volume
79
Contracts, this expiry
Heaviest call OI
60.00
608 contracts
Heaviest put OI
45.00
153 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.17 | 1.30 | +10.9% |
| Mar 2026 | 1.11 | 1.25 | +12.3% |
| Dec 2025 | 1.02 | 1.17 | +14.9% |
| Sep 2025 | 0.89 | 1.05 | +18.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.21 | 13 | $509.30M | +33.1% |
| Next quarter | 1.27 | 12 | $505.28M | +31.0% |
| Current year | 5.03 | 13 | $1.97B | +39.3% |
| Next year | 5.53 | 12 | $2.11B | +6.7% |
Analyst targets & ownership
Mean target$70.45
High target$80.00
Low target$56.00
Implied upside24.72%
Analyst count11
ConsensusBUY
Strong buy / Buy4 / 5
Hold4
Sell / Strong sell0 / 0
Held by insiders8.18%
Held by institutions92.19%
Institutions holding338
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
54.58
+3.49% from price
SMA 20
55.69
+1.44% from price
SMA 50
57.88
-2.40% from price
SMA 100
55.35
+2.06% from price
SMA 200
50.66
+11.52% from price
EMA 12
55.20
+2.33% from price
EMA 26
55.93
+0.99% from price
EMA 50
56.35
+0.24% from price
RSI (14)
52.7
Neutral
MACD (12,26,9)
-0.73
Hist 0.16
ATR (14)
1.30
2.30% of price
Realised vol 30D
23.3%
Annualised
Bollinger upper
58.51
20, 2σ
Bollinger lower
52.87
20, 2σ
50 / 200 cross
Golden
57.88 vs 50.66
Trend bias
Above 200
+11.52%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.09
Less volatile than market
Correlation to SPY
0.03
Largely independent
Realised vol 30D
23.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-20.8%
Peak to trough
Max drawdown 5Y
-36.5%
Peak to trough
ATR 14
1.30
2.30% of price
Beta (reported)
0.36
5Y monthly, from filing
Short interest
Shares short
2.10M
Prior 1.77M
Change vs prior
+18.5%
Shorts adding
% of float
5.17%
Normal
% of shares out
4.73%
Against total outstanding
Days to cover
5.3
Crowded exit
Float
40.58M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 11, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Aug 10, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Aug 6, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Aug 5, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 15, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jul 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 7, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 7, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| May 8, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 8, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 7, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Feb 27, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-20
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-07-15
Periodic Financial Reports
10-Q · 2026-05-11
Corporate Changes & Voting Matters
8-K · 2026-05-06
Proxy Statements
DEFR14A · 2026-03-26
Annual Report to Shareholders
ARS · 2026-03-25
Headlines
Skyward Group Expands AV Insurance With ibott's U.S. Market Push
Zacks · 6d ago
Skyward Group Expands ibott’s Next-Generation Autonomous Vehicle Solutions Into U.S. Primary Market
GlobeNewswire · 7d ago
1 Safe-and-Steady Stock with Competitive Advantages and 2 We Question
StockStory · 9d ago
The Zacks Analyst Blog Highlights Kinsale Capital, RLI, Palomar and Skyward Specialty
Zacks · 9d ago
Specialty Insurance: 4 Stocks to Watch in Niche Risks Creating Demand
Zacks · 12d ago
What Could Skyward Specialty Insurance Group (SKWD) Gain From Its Claims Payments Deal?
Simply Wall St. · 14d ago
3 Reasons Investors Watch Skyward Specialty Insurance (SKWD)
StockStory · 15d ago
Skyward Specialty Partners with SnapRefund to Set a New Standard for Claim Payments Using ClaimsSnap
GlobeNewswire · 15d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.