Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $46.89 Average Price Target from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $46.89.

SKWD has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays increased their price target on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Raymond James increased their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price target on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, William Blair started coverage on Skyward Specialty Insurance Group in a report on Monday, August 19th. They set an “outperform” rating for the company.

Skyward Specialty Insurance Group Stock Down 0.9 %

Shares of NASDAQ:SKWD opened at $54.46 on Tuesday. The business has a fifty day moving average of $47.23 and a two-hundred day moving average of $41.08. The stock has a market cap of $2.18 billion, a P/E ratio of 16.75, a PEG ratio of 0.98 and a beta of 0.76. Skyward Specialty Insurance Group has a 52-week low of $29.40 and a 52-week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. The company had revenue of $300.89 million during the quarter, compared to analysts’ expectations of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same period in the prior year, the business earned $0.65 EPS. On average, equities analysts anticipate that Skyward Specialty Insurance Group will post 3.06 earnings per share for the current year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the sale, the director now owns 747,261 shares of the company’s stock, valued at $40,352,094. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in shares of Skyward Specialty Insurance Group by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock worth $45,506,000 after acquiring an additional 158,679 shares in the last quarter. Barclays PLC increased its position in Skyward Specialty Insurance Group by 277.7% during the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after buying an additional 47,081 shares during the period. Orion Portfolio Solutions LLC acquired a new position in Skyward Specialty Insurance Group during the third quarter worth approximately $297,000. XTX Topco Ltd acquired a new position in Skyward Specialty Insurance Group during the third quarter worth approximately $394,000. Finally, Two Sigma Advisers LP increased its position in Skyward Specialty Insurance Group by 15.3% during the third quarter. Two Sigma Advisers LP now owns 490,200 shares of the company’s stock worth $19,966,000 after buying an additional 65,200 shares during the period. Institutional investors and hedge funds 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.