Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Lowered to $65.00 at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target trimmed by Keefe, Bruyette & Woods from $70.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on SKWD. Barclays set a $63.00 target price on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 8th. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Zacks Research lowered Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.30.

Skyward Specialty Insurance Group Stock Down 0.9%

Shares of SKWD opened at $43.97 on Tuesday. The business’s 50 day moving average is $44.95 and its two-hundred day moving average is $46.76. Skyward Specialty Insurance Group has a 52-week low of $40.60 and a 52-week high of $65.05. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 10.80 and a beta of 0.61.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. The business had revenue of $385.59 million for the quarter, compared to analyst estimates of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. During the same quarter in the prior year, the business posted $0.80 EPS. On average, equities analysts expect that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $48.13 per share, for a total transaction of $48,130.00. Following the completion of the purchase, the director directly owned 11,903 shares in the company, valued at $572,891.39. The trade was a 9.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Robinson acquired 22,100 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $46.76 per share, for a total transaction of $1,033,396.00. Following the purchase, the chief executive officer owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This trade represents a 15.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 30,500 shares of company stock worth $1,433,546 over the last quarter. 8.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently added to or reduced their stakes in SKWD. Financial Management Professionals Inc. bought a new stake in Skyward Specialty Insurance Group in the fourth quarter valued at $27,000. GAMMA Investing LLC increased its stake in shares of Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares during the period. Assetmark Inc. increased its stake in shares of Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after purchasing an additional 690 shares during the period. Quarry LP increased its stake in shares of Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after purchasing an additional 844 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $65,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.