Skyward Specialty Insurance Group (NASDAQ:SKWD) PT Raised to $47.00 at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target hoisted by Keefe, Bruyette & Woods from $46.00 to $47.00 in a report published on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently issued reports on SKWD. Oppenheimer started coverage on shares of Skyward Specialty Insurance Group in a report on Friday, July 12th. They issued a market perform rating for the company. Piper Sandler upped their target price 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. JMP Securities upped their target price on shares of Skyward Specialty Insurance Group from $47.00 to $50.00 and gave the company a market outperform rating in a report on Tuesday, August 6th. Finally, Truist Financial restated a buy rating and issued a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a report on Wednesday, August 7th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $43.75.

Skyward Specialty Insurance Group Stock Down 0.5 %

NASDAQ SKWD opened at $37.01 on Monday. Skyward Specialty Insurance Group has a 52 week low of $22.97 and a 52 week high of $41.11. The stock has a market capitalization of $1.48 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.68 and a beta of 0.61. The firm has a 50 day moving average of $36.78 and a two-hundred day moving average of $35.95.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 18.01%. The company had revenue of $279.94 million during the quarter, compared to analysts’ expectations of $282.70 million. During the same quarter in the previous year, the business posted $0.42 EPS. On average, equities research analysts expect that Skyward Specialty Insurance Group will post 2.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $36.87, for a total transaction of $60,946.11. Following the completion of the transaction, the director now owns 4,001 shares in the company, valued at approximately $147,516.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently bought and sold shares of the company. Capital International Investors raised its position in Skyward Specialty Insurance Group by 48.0% during the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock worth $82,767,000 after buying an additional 717,972 shares during the last quarter. Vanguard Group Inc. raised its position in Skyward Specialty Insurance Group by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock worth $76,458,000 after buying an additional 207,744 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Skyward Specialty Insurance Group by 0.3% in the 1st quarter. Champlain Investment Partners LLC now owns 1,405,980 shares of the company’s stock valued at $52,598,000 after purchasing an additional 4,510 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Skyward Specialty Insurance Group by 2.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock valued at $45,528,000 after purchasing an additional 34,286 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after purchasing an additional 77,354 shares in the last quarter. 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.