Skyward Specialty Insurance initiated with an Outperform at JMP Securities

JMP Securities analyst Matthew Carletti initiated coverage of Skyward Specialty Insurance with an Outperform rating and $25 price target. Skyward is a commercial specialty lines carrier with a "highly-defensible niche portfolio," the analyst tells investors in a research note. The analyst says the company is leveraging technology across all aspects of the business to enhance risk selection, claims management, efficiency and returns.