Skyward Specialty Trading at a Premium: How Should You Play the Stock?

Shares of Skyward Specialty Insurance Group, Inc. (SKWD) are trading at a premium to the Zacks Property and Casualty Insurance industry. Its price-to-book of 2.62X is higher than the industry average of 1.55X. It has a Value Score of B. Shares of other insurers like Aflac Inc (AFL) , The Progressive Corporation (PGR) and The Travelers Companies (TRV) are also trading at a multiple higher than the industry average.Skyward Specialty operates in an underpenetrated niche market for which standard insurance cove ...