Skyward Specialty Insurance Group (NASDAQ:SKWD) Given New $60.00 Price Target at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective increased by Keefe, Bruyette & Woods from $59.00 to $60.00 in a research report sent to investors on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on SKWD. TD Cowen started coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a “hold” rating and a $43.00 price target for the company. Raymond James raised 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 research note on Tuesday, November 5th. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. JMP Securities boosted their price objective on shares of 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. Finally, Jefferies Financial Group upped their price objective on 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. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $50.67.

Skyward Specialty Insurance Group Stock Up 3.0 %

Skyward Specialty Insurance Group stock opened at $49.34 on Thursday. Skyward Specialty Insurance Group has a twelve month low of $29.76 and a twelve month high of $55.62. The company has a market capitalization of $1.98 billion, a P/E ratio of 15.04, a PEG ratio of 0.73 and a beta of 0.84. The stock’s 50 day moving average is $48.18 and its 200 day moving average is $44.65.

Insider Buying and Selling

In related news, Director James Charles Hays sold 25,000 shares of Skyward Specialty Insurance Group 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 transaction, the director now directly owns 747,261 shares in the company, valued at approximately $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas N. Schmitt sold 546 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.85, for a total value of $25,580.10. Following the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at $480,025.10. This represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,318 shares of company stock valued at $2,098,866 over the last 90 days. Company insiders own 8.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SKWD. Arcadia Investment Management Corp MI bought a new position in shares of Skyward Specialty Insurance Group during the 3rd quarter valued at approximately $41,000. Quarry LP lifted its holdings in Skyward Specialty Insurance Group by 176.9% during the third 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 fourth quarter worth approximately $61,000. CWM LLC increased its stake in shares of Skyward Specialty Insurance Group by 3,103.1% in the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after purchasing an additional 4,003 shares in the last quarter. Finally, Pinnacle Financial Partners Inc bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $220,000. Institutional investors own 94.83% of the company’s stock.

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.