Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $46.89 Consensus PT from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.89.

SKWD has been the topic of a number of research reports. William Blair initiated coverage on shares of Skyward Specialty Insurance Group in a report on Monday, August 19th. They issued an “outperform” rating on the stock. Raymond James boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Piper Sandler boosted their price target on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and issued a $49.00 price objective (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th.

Skyward Specialty Insurance Group Stock Up 0.4 %

Shares of NASDAQ:SKWD opened at $50.01 on Friday. The firm has a 50-day simple moving average of $43.16 and a 200 day simple moving average of $39.20. The company has a market cap of $2.01 billion, a PE ratio of 15.19, a P/E/G ratio of 0.88 and a beta of 0.53. Skyward Specialty Insurance Group has a fifty-two week low of $29.40 and a fifty-two week high of $50.21.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 17.01%. The firm had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. During the same period in the previous year, the business posted $0.65 EPS. As a group, research analysts forecast that Skyward Specialty Insurance Group will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after buying an additional 279 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in Skyward Specialty Insurance Group by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company’s stock worth $1,549,000 after purchasing an additional 306 shares during the period. Ameritas Investment Partners Inc. boosted its position in Skyward Specialty Insurance Group by 24.2% during the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock worth $111,000 after purchasing an additional 579 shares during the period. Arcadia Investment Management Corp MI bought a new position in Skyward Specialty Insurance Group during the third quarter worth $41,000. Finally, Arizona State Retirement System boosted its position in shares of Skyward Specialty Insurance Group by 24.2% in the second quarter. Arizona State Retirement System now owns 9,516 shares of the company’s stock valued at $344,000 after acquiring an additional 1,854 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

About Skyward Specialty Insurance Group

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.