Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $55.00 Consensus Target Price from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $56.25.

A number of analysts have recently weighed in on the company. TD Cowen assumed coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Wolfe Research reiterated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Piper Sandler decreased their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their price target on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, February 28th.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 546 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total transaction of $25,580.10. Following the transaction, the insider now owns 10,246 shares in the company, valued at approximately $480,025.10. This trade represents a 5.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John A. Burkhart III sold 4,832 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.24, for a total value of $242,759.68. Following the transaction, the insider now owns 17,655 shares in the company, valued at approximately $886,987.20. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,450 shares of company stock worth $1,369,342. Insiders own 8.01% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently modified their holdings of SKWD. Sterling Capital Management LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. Quarry LP lifted its holdings in shares of Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $61,000. Summit Investment Advisors Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock valued at $196,000 after purchasing an additional 247 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at approximately $219,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $49.43 on Thursday. Skyward Specialty Insurance Group has a twelve month low of $33.27 and a twelve month high of $55.62. The firm has a market cap of $1.98 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. The business has a fifty day moving average of $47.62 and a 200-day moving average of $47.03.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. On average, analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.