Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Increased to $47.00 by Analysts at Truist Financial

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective upped by Truist Financial from $44.00 to $47.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. JMP Securities lifted their price objective on shares of Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a market outperform rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their price objective on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a market perform rating in a report on Monday, February 26th. Piper Sandler upped their target price on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an overweight rating in a report on Monday, April 1st. Wolfe Research assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 11th. They set an outperform rating and a $39.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has an average rating of Buy and an average price target of $40.56.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $37.60 on Friday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.82 and a beta of 0.68. The business has a fifty day moving average price of $36.25 and a 200 day moving average price of $33.37. Skyward Specialty Insurance Group has a 12 month low of $21.67 and a 12 month high of $38.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $264.97 million during the quarter, compared to the consensus estimate of $251.66 million. Skyward Specialty Insurance Group had a return on equity of 16.81% and a net margin of 11.16%. During the same period in the previous year, the company posted $0.42 earnings per share. On average, research analysts anticipate that Skyward Specialty Insurance Group will post 2.7 earnings per share for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 25,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.58, for a total transaction of $889,500.00. Following the completion of the sale, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Mark W. Haushill sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.58, for a total transaction of $889,500.00. Following the completion of the sale, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark W. Haushill sold 35,000 shares of Skyward Specialty Insurance Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the transaction, the chief financial officer now owns 261,688 shares in the company, valued at $9,410,300.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,890 shares of company stock worth $3,533,839. 8.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in Skyward Specialty Insurance Group by 90.9% in the 3rd quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock valued at $63,000 after purchasing an additional 1,095 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Skyward Specialty Insurance Group by 54.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,362 shares of the company’s stock worth $114,000 after acquiring an additional 1,186 shares in the last quarter. Adalta Capital Management LLC acquired a new stake in Skyward Specialty Insurance Group in the third quarter valued at $137,000. International Assets Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth $161,000. Finally, New York State Common Retirement Fund grew its stake in shares of Skyward Specialty Insurance Group by 82.2% during the 3rd quarter. New York State Common Retirement Fund now owns 6,895 shares of the company’s stock worth $189,000 after purchasing an additional 3,110 shares during the period. 94.83% of the stock is currently 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.