Analysts Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Price Target at $65.80

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $65.80.

A number of analysts have commented on the stock. Raymond James Financial set a $66.00 price target on shares of Skyward Specialty Insurance Group in a research report on Friday, December 5th. Barclays set a $63.00 price objective on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Susquehanna set a $80.00 target price on Skyward Specialty Insurance Group in a report on Friday, January 16th. Finally, Piper Sandler cut their target price on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $42.13 on Monday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.35 and a beta of 0.54. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $65.05. The stock’s fifty day moving average is $45.18 and its 200-day moving average is $46.93.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. The business had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. During the same quarter in the prior year, the company posted $0.80 earnings per share. Analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Christopher Locke Peirce bought 3,200 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $47.30 per share, with a total value of $151,360.00. Following the completion of the acquisition, the director directly owned 3,200 shares in the company, valued at approximately $151,360. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony J. Kuczinski purchased 1,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $48.13 per share, for a total transaction of $48,130.00. Following the completion of the transaction, the director owned 11,903 shares of the company’s stock, valued at $572,891.39. This represents a 9.17% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 30,500 shares of company stock valued at $1,433,546. Corporate insiders own 8.01% of the company’s stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of Skyward Specialty Insurance Group by 5.1% in the 4th quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock worth $74,194,000 after purchasing an additional 70,255 shares in the last quarter. Vident Advisory LLC bought a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $257,000. VARCOV Co. bought a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $524,000. Susquehanna Fundamental Investments LLC grew its position in Skyward Specialty Insurance Group by 370.3% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 40,213 shares of the company’s stock worth $2,055,000 after buying an additional 31,663 shares during the last quarter. Finally, Man Group plc acquired a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $1,171,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

About Skyward Specialty Insurance Group

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.