Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $48.22 Consensus PT from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $48.22.

Several analysts recently commented on SKWD shares. JMP Securities lifted their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Raymond James boosted their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. Jefferies Financial Group increased their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 target price for the company. Finally, Barclays upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, January 6th.

Insider Activity

In other news, Director James Charles Hays sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the sale, the director now owns 747,261 shares in the company, valued at $40,352,094. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas N. Schmitt sold 546 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $480,025.10. This represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,318 shares of company stock worth $2,098,866 in the last three months. Company insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of SKWD. Arcadia Investment Management Corp MI purchased a new position in shares of Skyward Specialty Insurance Group during the third quarter valued at about $41,000. ORG Wealth Partners LLC purchased a new position in Skyward Specialty Insurance Group during the 4th quarter valued at approximately $61,000. Amalgamated Bank increased its stake in Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after acquiring an additional 279 shares during the last quarter. Quarry LP raised 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 worth $56,000 after acquiring an additional 879 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after acquiring an additional 4,003 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Stock Up 0.1 %

Shares of NASDAQ SKWD opened at $42.15 on Wednesday. The firm’s 50-day moving average price is $49.47 and its 200-day moving average price is $44.30. Skyward Specialty Insurance Group has a 52-week low of $29.40 and a 52-week high of $55.62. The company has a market cap of $1.69 billion, a PE ratio of 12.85, a PEG ratio of 0.72 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The company had revenue of $300.89 million for the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, equities research analysts anticipate that Skyward Specialty Insurance Group will post 3.07 EPS for the current fiscal 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.