Skyward Specialty Insurance Group (NASDAQ:SKWD) PT Raised to $49.00

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) had its target price lifted by Jefferies Financial Group from $45.00 to $49.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 13.06% from the company’s current price.

Several other brokerages also recently commented on SKWD. Oppenheimer began coverage on Skyward Specialty Insurance Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. Truist Financial reiterated a “buy” rating and set a $49.00 price objective (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. Piper Sandler upped their target price on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. William Blair assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $44.78.

Check Out Our Latest Analysis on Skyward Specialty Insurance Group

Skyward Specialty Insurance Group Trading Down 0.9 %

Shares of NASDAQ:SKWD opened at $43.34 on Wednesday. Skyward Specialty Insurance Group has a 12-month low of $27.12 and a 12-month high of $44.62. The company has a market cap of $1.74 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.83 and a beta of 0.60. The stock has a 50 day moving average of $39.87 and a 200 day moving average of $37.75.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. The firm had revenue of $279.94 million during the quarter, compared to analysts’ expectations of $282.70 million. During the same period in the prior year, the company posted $0.42 earnings per share. Equities research analysts predict that Skyward Specialty Insurance Group will post 2.96 earnings per share for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Katharine Terry sold 1,653 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction of $60,946.11. Following the sale, the director now owns 4,001 shares in the company, valued at approximately $147,516.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 company. Amalgamated Bank lifted its stake in Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after acquiring an additional 279 shares during the period. Ameritas Investment Partners Inc. lifted its position in Skyward Specialty Insurance Group by 24.2% during the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock valued at $111,000 after purchasing an additional 579 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group during the second quarter valued at $160,000. CWM LLC boosted its holdings in Skyward Specialty Insurance Group by 3,103.1% in the third quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after purchasing an additional 4,003 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Skyward Specialty Insurance Group during the 1st quarter worth about $200,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Skyward Specialty Insurance Group (NASDAQ:SKWD)

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