Janney starts ‘attractively valued’ Skyward Specialty Insurance with a Buy

As previously reported, Janney Montgomery Scott initiated coverage of Skyward Specialty Insurance (SKWD) with a Buy rating and $60 fair value estimate. Based on the firm’s peer group analysis, shares of the specialty insurance company delivering commercial P&C products and solutions “appear attractively valued relative to performance expectations,” the analyst tells investors. The firm likes Skyward’s “Rule Our Niche” strategy and pending acquisition of Apollo Group, which it says “will only enhance its competitive position and flexibility.”