Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $68.64 Consensus Target Price from Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $68.6364.

Several brokerages recently issued reports on SKWD. Texas Capital raised Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Barclays lifted their target price on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their price target on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Capital One Financial set a $59.00 price target on Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Finally, Truist Financial lifted their price objective on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 6th.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider directly owned 10,353 shares of the company’s stock, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new stake in Skyward Specialty Insurance Group in the first quarter valued at approximately $37,000. Nykredit A S acquired a new position in Skyward Specialty Insurance Group during the second quarter worth approximately $37,000. Quarry LP raised its stake in Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after purchasing an additional 844 shares during the period. Fifth Third Bancorp purchased a new position in Skyward Specialty Insurance Group during the first quarter worth approximately $60,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $65,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Up 1.8%

SKWD opened at $56.89 on Thursday. Skyward Specialty Insurance Group has a 52 week low of $40.60 and a 52 week high of $65.69. The company has a market cap of $2.53 billion, a PE ratio of 13.26 and a beta of 0.34. The business has a 50 day moving average price of $58.52 and a two-hundred day moving average price of $50.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.13. The business had revenue of $489.53 million for the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. As a group, sell-side analysts expect that Skyward Specialty Insurance Group will post 4.98 EPS for the current fiscal year.

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.