Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target lifted by investment analysts at Keefe, Bruyette & Woods from $65.00 to $72.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 16.09% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Piper Sandler upped their price target on shares of Skyward Specialty Insurance Group from $55.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.22.

Skyward Specialty Insurance Group Trading Down 0.6%

NASDAQ SKWD traded down $0.39 during trading hours on Wednesday, reaching $62.02. 104,713 shares of the company’s stock were exchanged, compared to its average volume of 500,907. The firm has a fifty day moving average of $49.30 and a 200-day moving average of $47.29. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $63.03. The stock has a market cap of $2.51 billion, a PE ratio of 14.83 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. As a group, research analysts forecast that Skyward Specialty Insurance Group will post 4.93 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of Skyward Specialty Insurance Group stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the sale, the insider owned 10,353 shares of the company’s stock, valued at approximately $531,315.96. The trade was a 44.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony J. Kuczinski bought 2,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $47.10 per share, with a total value of $94,200.00. Following the transaction, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. The trade was a 14.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Skyward Specialty Insurance Group by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock valued at $774,000 after buying an additional 228 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares in the last quarter. CWM LLC grew its stake in Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after acquiring an additional 327 shares during the period. California State Teachers Retirement System increased its holdings in shares of Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after acquiring an additional 341 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Skyward Specialty Insurance Group by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock worth $334,000 after acquiring an additional 423 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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.