ETF Channel: Timothy Plan US Small Cap Core ETF (TPSC) Implied Analyst Target Price at $46.43

The Timothy Plan US Small Cap Core ETF (TPSC) has an implied analyst target price of $46.43 per unit, representing an 11.06% upside from its current trading price of $41.81. The underlying holdings with notable upside include Brighthouse Financial Inc, Skyward Specialty Insurance Group Inc, and PC Connection, Inc. Analysts are optimistic about the future of these stocks, but further research is required to determine if their targets are justified.

AM Best, a leading global credit rating agency, has commented on the credit ratings of several insurance companies following Skyward Specialty Insurance Group's (Skyward Group) announced acquisition of Apollo Group Holdings Inc. The acquisition, which is expected to close in the first quarter of 2026, involves Skyward Group acquiring 100% of Apollo Group Holdings Limited for a total consideration of $555 million.

The Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'a' (Excellent) for Great Midwest Insurance Company (GMIC), Houston Specialty Insurance Company (HSIC), Oklahoma Specialty Insurance Company (OSIC), and Imperium Insurance Company (IIC) remain unchanged. These ratings reflect Skyward's strong balance sheet and adequate operating performance, as assessed by AM Best [1].

Skyward Specialty maintains a position as a leading writer in U.S. specialty markets. Apollo, a leading U.S. centric specialty underwriting platform operating at Lloyd's of London, will join Skyward Specialty. The transaction is expected to bring synergies and efficiencies to Skyward's business profile, although there is an immediate increase in financial leverage to slightly over 25%, which Skyward expects to manage over time [1].

AM Best does not expect the transaction to materially change Skyward's current rating fundamentals. The agency will continue to monitor the progress and effects of this transaction, including the planned synergies and efficiencies, as there could be future benefits to Skyward's business profile. Conversely, the indicated financing involves an immediate increase in financial leverage, which Skyward expects to manage over time, as well as execution risk as noted in any significant acquisition [1].

Skyward plans to maintain strong interest coverage without taking dividends from the insurance subsidiaries in the near to medium term. Apollo will provide Skyward with a stream of unregulated earnings and cash flow, which reduces the organization's reliance on its statutory entities [1].

The acquisition of Apollo Group Holdings Inc. is a significant step for Skyward Specialty Insurance Group, Inc. (Skyward Group) and its members. The transaction is expected to enhance Skyward's position in the U.S. specialty markets and bring additional value to its members. AM Best's unchanged credit ratings reflect the agency's confidence in Skyward's ability to manage the increased financial leverage and execute the acquisition successfully [1].

References:
[1] https://www.marketscreener.com/news/am-best-comments-on-credit-ratings-of-skyward-specialty-insurance-group-members-following-announced-ce7d59d9d981f025
[2] https://blockonomi.com/dogecoin-doge-price-trading-at-0-21-as-rex-pursues-40-act-etf-approach/