Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.89.
A number of brokerages recently weighed in on SKWD. Jefferies Financial Group increased their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays raised their price target on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, William Blair began coverage on Skyward Specialty Insurance Group in a research note on Monday, August 19th. They set an “outperform” rating for the company.
Check Out Our Latest Stock Analysis on SKWD
Institutional Trading of Skyward Specialty Insurance Group
Skyward Specialty Insurance Group Trading Up 0.4 %
SKWD stock opened at $49.73 on Friday. The stock’s 50 day simple moving average is $43.70 and its 200 day simple moving average is $39.46. Skyward Specialty Insurance Group has a 12-month low of $29.40 and a 12-month high of $50.35. The stock has a market capitalization of $1.99 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53.
Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $300.89 million for the quarter, compared to analysts’ expectations of $292.43 million. During the same period last year, the firm posted $0.65 earnings per share. On average, research analysts predict that Skyward Specialty Insurance Group will post 3.06 earnings per share for the current year.
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.
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