Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Raised to $64.00 at Barclays

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target upped by Barclays from $63.00 to $64.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. Piper Sandler lowered their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. 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 company from $62.00 to $59.00 in a report on Friday. Truist Financial raised their target price on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Cowen started coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Skyward Specialty Insurance Group Stock Up 0.7 %

SKWD opened at $52.53 on Friday. Skyward Specialty Insurance Group has a 52 week low of $33.27 and a 52 week high of $55.62. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63. The business’s 50 day moving average is $50.56 and its two-hundred day moving average is $48.55.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Equities analysts expect that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the transaction, the director now owns 734 shares in the company, valued at approximately $37,155.08. This represents a 57.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas N. Schmitt sold 6,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total value of $327,096.00. Following the completion of the sale, the insider now owns 3,946 shares in the company, valued at approximately $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 ninety days, insiders have sold 12,132 shares of company stock valued at $620,476. Corporate insiders own 8.01% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently bought and sold shares of SKWD. Sterling Capital Management LLC lifted its position 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. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $61,000. Summit Investment Advisors Inc. lifted its position 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. Hsbc Holdings PLC acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter worth approximately $219,000. Finally, Pinnacle Financial Partners Inc bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth $220,000. Institutional investors and hedge funds 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.