Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $51.44 Average Target Price from Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $51.44.

SKWD has been the topic of several recent analyst reports. Piper Sandler reduced their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Barclays boosted their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, TD Cowen initiated coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price on the stock.

Skyward Specialty Insurance Group Trading Down 1.8 %

NASDAQ SKWD opened at $48.65 on Friday. The stock’s 50 day moving average is $47.40 and its two-hundred day moving average is $45.52. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group has a 1-year low of $33.27 and a 1-year high of $55.62.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 6,010 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.37, for a total transaction of $296,713.70. Following the completion of the sale, the chief executive officer now owns 77,144 shares in the company, valued at approximately $3,808,599.28. The trade was a 7.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 637 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total transaction of $30,454.97. Following the sale, the insider now owns 10,792 shares of the company’s stock, valued at $515,965.52. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,318 shares of company stock worth $2,098,866 in the last quarter. Insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Skyward Specialty Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company’s stock valued at $114,990,000 after acquiring an additional 16,572 shares during the last quarter. American Century Companies Inc. raised its position in shares of Skyward Specialty Insurance Group by 54.0% during the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock valued at $79,744,000 after acquiring an additional 553,389 shares during the last quarter. Jennison Associates LLC raised its position in shares of Skyward Specialty Insurance Group by 1.0% during the 3rd quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock valued at $52,786,000 after acquiring an additional 12,484 shares during the last quarter. Invesco Ltd. raised its position in shares of Skyward Specialty Insurance Group by 9.1% during the 4th quarter. Invesco Ltd. now owns 1,217,329 shares of the company’s stock valued at $61,524,000 after acquiring an additional 102,042 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company’s stock valued at $58,860,000 after acquiring an additional 47,363 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Company Profile

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.