Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $57.00.

Several equities analysts have recently commented on SKWD shares. Jefferies Financial Group downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Piper Sandler dropped their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Wolfe Research reaffirmed a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Truist Financial boosted their target price on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Barclays raised their price target on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, April 11th.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $53.57 on Friday. The stock has a fifty day simple moving average of $51.83 and a two-hundred day simple moving average of $49.54. Skyward Specialty Insurance Group has a 52-week low of $33.42 and a 52-week high of $56.98. The firm has a market capitalization of $2.16 billion, a PE ratio of 16.33, a PEG ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, sell-side analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Activity

In other news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the sale, the director now directly owns 734 shares in the company, valued at approximately $37,155.08. This represents a 57.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now directly owns 3,946 shares of the company’s stock, valued at $204,876.32. This represents a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is currently owned by insiders.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Reinhart Partners LLC. bought a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at about $49,979,000. Capital World Investors purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth approximately $41,182,000. American Century Companies Inc. raised its stake in shares of Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock valued at $79,744,000 after acquiring an additional 553,389 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $18,084,000. Finally, Swedbank AB bought a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $15,164,000. 94.83% of the stock is currently owned by institutional investors.

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.