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

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.89.

Several research firms have weighed in on SKWD. 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 raised their target price on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Finally, Raymond James raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th.

Skyward Specialty Insurance Group Stock Down 5.3 %

Shares of NASDAQ SKWD opened at $46.47 on Friday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. Skyward Specialty Insurance Group has a 52 week low of $29.40 and a 52 week high of $55.62. The firm has a 50-day moving average price of $50.25 and a 200 day moving average price of $43.30.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period last year, the firm earned $0.65 EPS. Equities research analysts expect that Skyward Specialty Insurance Group will post 3.06 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of Skyward Specialty Insurance Group 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 completion of the sale, the director now owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several hedge funds have recently modified their holdings of SKWD. Arcadia Investment Management Corp MI purchased a new position in Skyward Specialty Insurance Group during the third quarter worth approximately $41,000. Amalgamated Bank raised its position in shares of 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 buying an additional 279 shares during the period. Quarry LP boosted its holdings in Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after acquiring an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Skyward Specialty Insurance Group during the second quarter valued at about $160,000. Finally, CWM LLC increased its stake in Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after acquiring an additional 4,003 shares during the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

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.