Brokerages Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Price Target at $55.00

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $56.25.

Several equities analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. TD Cowen assumed coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 price objective for the company. Barclays upgraded Skyward Specialty Insurance Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $53.00 to $63.00 in a report on Friday. Finally, Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 637 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total transaction of $30,454.97. Following the transaction, the insider now owns 10,792 shares of the company’s stock, valued at approximately $515,965.52. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew S. Robinson sold 6,010 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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 $3,808,599.28. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,450 shares of company stock worth $1,369,342. Company insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of SKWD. Summit Investment Advisors Inc. grew its holdings in Skyward Specialty Insurance Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock valued at $196,000 after purchasing an additional 247 shares during the period. Chartwell Investment Partners LLC grew its holdings in Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company’s stock valued at $1,549,000 after purchasing an additional 306 shares during the period. IHT Wealth Management LLC grew its holdings in Skyward Specialty Insurance Group by 4.6% in the third quarter. IHT Wealth Management LLC now owns 10,501 shares of the company’s stock valued at $428,000 after purchasing an additional 464 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Skyward Specialty Insurance Group by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company’s stock valued at $1,068,000 after purchasing an additional 748 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after purchasing an additional 809 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Down 0.6 %

SKWD opened at $49.50 on Thursday. The stock has a market cap of $1.99 billion, a PE ratio of 15.09, a PEG ratio of 0.81 and a beta of 0.67. The business has a 50 day moving average of $47.47 and a 200-day moving average of $46.95. Skyward Specialty Insurance Group has a 52 week low of $33.27 and a 52 week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. Equities analysts anticipate that Skyward Specialty Insurance Group will post 3.05 EPS 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.