Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $55.00.

Several research analysts have commented on SKWD shares. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Truist Financial increased their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th.

Skyward Specialty Insurance Group Trading Up 0.0 %

Shares of Skyward Specialty Insurance Group stock opened at $48.47 on Thursday. Skyward Specialty Insurance Group has a 12-month low of $33.27 and a 12-month high of $55.62. The company has a market cap of $1.95 billion, a P/E ratio of 14.78, a PEG ratio of 0.81 and a beta of 0.66. The company’s fifty day simple moving average is $47.35 and its two-hundred day simple moving average is $46.72.

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

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider John A. Burkhart III sold 4,832 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.24, for a total transaction of $242,759.68. Following the sale, the insider now owns 17,655 shares of the company’s stock, valued at $886,987.20. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas N. Schmitt sold 6,300 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $51.92, for a total transaction of $327,096.00. Following the sale, the insider now directly owns 3,946 shares in the company, valued at approximately $204,876.32. The trade was a 61.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,450 shares of company stock worth $1,369,342. 8.01% of the stock is owned by corporate insiders.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after acquiring an additional 809 shares during the last quarter. Quarry LP boosted its holdings in shares of Skyward Specialty Insurance Group by 176.9% during the 3rd 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. ORG Wealth Partners LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $61,000. Summit Investment Advisors Inc. boosted its holdings in shares of 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 worth $196,000 after buying an additional 247 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $219,000. 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.