Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective upped by analysts at Keefe, Bruyette & Woods from $72.00 to $75.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 18.11% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Truist Financial upped their target price on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler increased their target price on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Skyward Specialty Insurance Group Stock Down 0.3%

Shares of SKWD traded down $0.17 on Monday, hitting $63.50. The company’s stock had a trading volume of 86,898 shares, compared to its average volume of 501,614. The firm’s fifty day moving average price is $56.04 and its 200-day moving average price is $49.12. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $65.69. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 14.77 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.13. The business had revenue of $489.53 million during the quarter, compared to analysts’ expectations of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 19.61% and a net margin of 10.84%. As a group, equities analysts predict that Skyward Specialty Insurance Group will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 2,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 15,977 shares in the company, valued at $752,516.70. This trade represents a 14.31% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the transaction, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Skyward Specialty Insurance Group by 1.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock worth $774,000 after buying an additional 228 shares during the last quarter. CWM LLC raised its holdings in Skyward Specialty Insurance Group by 19.4% during the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after acquiring an additional 327 shares in the last quarter. California State Teachers Retirement System raised its holdings in Skyward Specialty Insurance Group by 0.9% during 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. ProShare Advisors LLC boosted its position in Skyward Specialty Insurance Group by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after purchasing an additional 423 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Skyward Specialty Insurance Group during the fourth quarter valued at approximately $27,000. 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.