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

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its target price boosted by Keefe, Bruyette & Woods from $69.00 to $70.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 54.67% from the company’s previous close.

Several other equities research analysts have also weighed in on SKWD. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Piper Sandler dropped their target price on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday. Raymond James Financial set a $66.00 target price on shares of Skyward Specialty Insurance Group in a research report on Friday, December 5th. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings lowered shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $65.80.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD traded up $0.26 during midday trading on Friday, hitting $45.26. 19,806 shares of the company traded hands, compared to its average volume of 525,353. Skyward Specialty Insurance Group has a 12-month low of $42.45 and a 12-month high of $65.05. The firm has a market cap of $1.83 billion, a P/E ratio of 11.11 and a beta of 0.55. The stock has a 50-day moving average price of $46.89 and a 200 day moving average price of $47.51.

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, beating the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.The business had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. During the same period in the previous year, the firm posted $0.80 EPS. As a group, equities analysts expect that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current year.

Insider Activity

In related news, insider Sandip A. Kapadia sold 5,030 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the transaction, the insider owned 8,059 shares in the company, valued at $403,030.59. The trade was a 38.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after buying an additional 102,191 shares during the last quarter. Reinhart Partners LLC. boosted its stake in Skyward Specialty Insurance Group by 49.8% during the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after purchasing an additional 803,217 shares during the last quarter. Invesco Ltd. boosted its stake in Skyward Specialty Insurance Group by 46.3% during the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock valued at $103,452,000 after purchasing an additional 566,902 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 16.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock worth $79,730,000 after purchasing an additional 198,931 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its stake in shares of Skyward Specialty Insurance Group by 19.5% in the third quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock worth $65,290,000 after purchasing an additional 224,122 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.