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

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its target price raised by equities researchers at Keefe, Bruyette & Woods from $59.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 23.66% from the stock’s current price.

SKWD has been the subject of a number of other reports. TD Cowen assumed coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price for the company. Jefferies Financial Group lifted their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. 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. Barclays lifted 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. Finally, JMP Securities upped their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average price target of $50.67.

Skyward Specialty Insurance Group Stock Down 1.7 %

Skyward Specialty Insurance Group stock opened at $48.52 on Thursday. The company has a market capitalization of $1.95 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.73 and a beta of 0.84. The firm has a 50 day moving average price of $48.07 and a 200-day moving average price of $44.72. Skyward Specialty Insurance Group has a twelve month low of $29.76 and a twelve month high of $55.62.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 546 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the sale, the insider now owns 10,246 shares of the company’s stock, valued at $480,025.10. This trade represents a 5.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew S. Robinson sold 6,010 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.37, for a total value of $296,713.70. Following the sale, the chief executive officer now owns 77,144 shares of the company’s stock, valued at approximately $3,808,599.28. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,318 shares of company stock valued at $2,098,866. Corporate insiders own 8.01% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Skyward Specialty Insurance Group by 49.8% in the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock worth $4,240,000 after buying an additional 34,612 shares in the last quarter. Barclays PLC lifted its holdings in shares of Skyward Specialty Insurance Group by 277.7% during the 3rd quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after acquiring an additional 47,081 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock worth $3,515,000 after acquiring an additional 21,346 shares during the last quarter. State Street Corp grew its position in Skyward Specialty Insurance Group by 10.8% in the third quarter. State Street Corp now owns 844,233 shares of the company’s stock worth $34,386,000 after acquiring an additional 82,328 shares in the last quarter. Finally, Navellier & Associates Inc. bought a new position in Skyward Specialty Insurance Group in the third quarter valued at $1,051,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.