As previously reported, Wolfe Research initiated coverage of Skyward Specialty Insurance with an Outperform rating and $39 price target. The firm views Skyward, a specialty insurance company that delivers commercial property and casualty products and solutions on both an admitted and non-admitted basis, as well positioned to continue to generate double-digit revenue growth and gain incremental market share. The firm cites its underwriting expertise and “best-in-class” operating efficiency as reasons for Skyward to be able to sustain mid-teens ROTCEs.
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