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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1877
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Insurance
$1.9B
Andrew Robinson
We are a growing specialty insurance company delivering commercial property and casualty (“P&C”) products and solutions on a non-admitted (or excess and surplus (“E&S”)) and admitted basis, predominantly in the United States. Skyward Specialty Insurance Group, Inc. is an insurance holding company incorporated in Delaware that was organized in 2006. Our principal executive office is located at 800 Gessner Road, Suite 600, Houston, TX.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = SKWD ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$SKWD Skyward Specialty Insurance Group, Inc. | 51 | 77 | 81 | 27 | 12.7x | 10.0x | 17.0% | 3.6% | 44.0% | 15.7% | 12.3% | 36.6% | 0.0% | 378.0x | $1.9B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Skyward Specialty Insurance Group, Inc. (SKWD) receives a "Hold" rating with a composite score of 50.8/100. It ranks #1877 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Headcount
400
HQ Base
Pending Verification
Lagging peers — losers tend to keep underperforming
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for SKWD.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 77 | 94 | -17DRAG |
| MOMENTUM | 27 | 20 | +7ALPHA |
| VALUATION | 81 | 96 | -15DRAG |
| INVESTMENT | 25 | 16 | +9ALPHA |
| STABILITY | 40 | 34 | +6ALPHA |
| SHORT INT | 43 | 42 | +1NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 17.0% (sector 9.0%)
GM 44% vs sector 78%, OM 16% vs sector 18%
Capital turnover N/A
Rev growth 37%, 4yr history
Interest coverage 31.6x, Net debt/EBITDA -0.7x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Skyward Specialty Insurance Group, Inc. (SKWD) as a Hold with a composite score of 50.8/100 at a current price of $45.07. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
Skyward Specialty Insurance Group, Inc. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 50.8/100 places it at rank #1877 in our full universe.
Narrow
High
Poor
Undervalued
Gross margins of 44% signal strong pricing power.
Returns on equity of 17.0% exceed cost of capital.
Value factor score of 81 suggests attractive pricing.
Leverage of 378% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
Skyward Specialty Insurance Group, Inc. represents a hold based on multi-factor quantitative performance.
Our model assigns Skyward Specialty Insurance Group, Inc. a Hold rating, with a composite score of 50.8/100 and 3 out of 5 stars. Ranked #1877 of 7,333 stocks, SKWD presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
SKWD earns a quality score of 77/100, indicating above-average business quality. The company reports a return on equity of 17.0% (sector avg: 9.0%), gross margins of 44.0% (sector avg: 77.7%), net margins of 12.3% (sector avg: 21.9%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
SKWD carries a solid value score of 81/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 12.74x, an EV/EBITDA of 9.98x, a P/B ratio of 2.17x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
Skyward Specialty Insurance Group, Inc.'s investment score of 25/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 36.6% vs. a sector average of 10.7% and a return on assets of 3.6% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
Skyward Specialty Insurance Group, Inc. is experiencing notably weak momentum with a score of just 27/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 36.6% year-over-year, while a beta of 0.58 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
SKWD's stability score of 40/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.58 and a debt-to-equity ratio of 378.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 43/100 for SKWD suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 378.00x), small-cap liquidity risk. With a $1.9B market cap (small-cap), Skyward Specialty Insurance Group, Inc. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
Skyward Specialty Insurance Group, Inc. is a small-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #1877 of 7,333 overall (74th percentile). Key comparisons include ROE of 17.0% exceeding the 9.0% sector median and operating margins of 15.7% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While SKWD currently exhibits a HOLD profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
Key factor gap
Value (81) vs Investment (25) — closing this gap could shift the rating.
EV/EBITDA 28% ABOVE SECTOR MEDIAN
ROE 89% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 43% BELOW SECTOR MEDIAN
Skyward Specialty (SKWD) Q4 2025 earnings call recap: record underwriting income, premium growth, Apollo deal impact, 2026 outlook & risks—read now.
Skyward Specialty Insurance Group (NASDAQ:SKWD) reported a fourth quarter that management said capped “another incredible year,” highlighted by record underwriting and adjusted operating earnings. On the company’s fourth quarter 2025 earnings call, Chairman and CEO Andrew Robinson and CFO Mark Haush
Skyward Specialty Insurance Group, Inc. reported strong past fourth-quarter and full-year 2025 results, with Q4 revenue rising to US$385.59 million and net income to US$43.23 million, while full-year revenue reached US$1.42 billion and net income US$170.03 million. The company highlighted record underwriting metrics, including an 88.5% combined ratio and robust gross written premium growth, contributing to an 18.9% return on equity and reinforcing management’s confidence in its...
Skyward Specialty (SKWD) Q4 results: non-GAAP EPS $1.17 beat by $0.15; revenue $385.6M up 26.7% Y/Y beat estimates—see the full details now.
Specialty insurance provider Skyward Specialty Insurance (NASDAQ:SKWD) beat Wall Street’s revenue expectations in Q4 CY2025, with sales up 26.7% year on year to $385.6 million. Its non-GAAP profit of $1.17 per share was 14.9% above analysts’ consensus estimates.
Above 50MA
37.18%
Net New Highs
+51081