Analysts Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Price Target at $44.78

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $44.78.

A number of research firms have recently commented on SKWD. Barclays started coverage on shares of Skyward Specialty Insurance Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $44.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. William Blair started coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an “outperform” rating on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $50.00 price target on shares of Skyward Specialty Insurance Group in a research note on Tuesday.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $45.43 on Monday. Skyward Specialty Insurance Group has a 1 year low of $27.12 and a 1 year high of $46.03. The stock’s fifty day moving average price is $40.44 and its two-hundred day moving average price is $38.00. The firm has a market cap of $1.82 billion, a PE ratio of 16.70, a PEG ratio of 0.81 and a beta of 0.60.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. The company had revenue of $279.94 million for the quarter, compared to analyst estimates of $282.70 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Sell-side analysts anticipate that Skyward Specialty Insurance Group will post 2.98 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Katharine Terry sold 1,653 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $36.87, for a total value of $60,946.11. Following the completion of the transaction, the director now directly owns 4,001 shares of the company’s stock, valued at $147,516.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.01% of the stock is currently owned by company insiders.

Institutional Trading of Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors boosted its stake in Skyward Specialty Insurance Group by 48.0% in the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock worth $82,767,000 after purchasing an additional 717,972 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Skyward Specialty Insurance Group during the second quarter valued at approximately $10,152,000. Dimensional Fund Advisors LP bought a new stake in shares of Skyward Specialty Insurance Group during the second quarter valued at approximately $8,151,000. Vanguard Group Inc. lifted its position in Skyward Specialty Insurance Group by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock valued at $76,458,000 after acquiring an additional 207,744 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in Skyward Specialty Insurance Group during the 2nd quarter valued at $6,568,000. Hedge funds and other 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.