Brokerages Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) PT at $51.44

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $51.44.

A number of equities analysts recently commented on SKWD shares. JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Piper Sandler decreased their target price 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. Keefe, Bruyette & Woods raised their price target on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Raymond James upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a “hold” rating and a $43.00 price objective on the stock.

Insider Buying and Selling

In other news, Director James Charles Hays sold 25,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the sale, the director now directly owns 747,261 shares of the company’s stock, valued at approximately $40,352,094. This represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sandip A. Kapadia sold 908 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.98, for a total transaction of $42,657.84. Following the sale, the executive vice president now directly owns 10,371 shares of the company’s stock, valued at $487,229.58. This represents a 8.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,318 shares of company stock valued at $2,098,866. 8.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth approximately $41,000. Sterling Capital Management LLC lifted its stake in Skyward Specialty Insurance Group by 756.1% during the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock worth $46,000 after purchasing an additional 809 shares during the last quarter. Quarry LP boosted its holdings in shares of Skyward Specialty Insurance Group by 176.9% in 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 in the 4th quarter valued at $61,000. Finally, CWM LLC increased its stake in shares of Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after purchasing an additional 4,003 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $49.52 on Friday. The firm has a 50-day moving average of $47.47 and a 200-day moving average of $45.40. The company has a market cap of $1.99 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.80 and a beta of 0.83. Skyward Specialty Insurance Group has a one year low of $32.08 and a one year high of $55.62.

About Skyward Specialty Insurance Group

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.