Skyward Specialty Insurance Group (NASDAQ:SKWD) Given New $67.00 Price Target at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target upped by Keefe, Bruyette & Woods from $57.00 to $67.00 in a report issued on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Truist Financial increased their target price on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Wolfe Research reissued a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. TD Cowen initiated coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a “hold” rating and a $43.00 target price for the company. Piper Sandler increased their target price on Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Finally, JMP Securities upped their price objective on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $61.13.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock opened at $59.88 on Thursday. The company’s 50-day simple moving average is $52.65 and its two-hundred day simple moving average is $50.11. Skyward Specialty Insurance Group has a one year low of $33.42 and a one year high of $60.40. The company has a market capitalization of $2.42 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.81 and a beta of 0.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $328.53 million for the quarter, compared to the consensus estimate of $310.94 million. During the same period last year, the business posted $0.75 EPS. On average, research analysts expect that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now owns 3,946 shares in the company, valued at $204,876.32. This represents a 61.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total transaction of $50,620.00. Following the transaction, the director now directly owns 734 shares of the company’s stock, valued at $37,155.08. This represents a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,132 shares of company stock worth $620,476. Insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its position in Skyward Specialty Insurance Group by 756.1% during the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after purchasing an additional 809 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $61,000. LRI Investments LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the first quarter worth about $67,000. KBC Group NV acquired a new stake in Skyward Specialty Insurance Group during the first quarter worth about $81,000. Finally, New York State Teachers Retirement System purchased a new position in Skyward Specialty Insurance Group during the first quarter valued at approximately $179,000. Institutional investors and hedge funds 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.