Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $64.55 Consensus PT from Brokerages

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $64.4545.

Several brokerages have issued reports on SKWD. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Citigroup restated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Janney Montgomery Scott assumed coverage on Skyward Specialty Insurance Group in a research note on Monday, October 6th. They issued a “buy” rating and a $60.00 target price on the stock. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Wolfe Research upgraded Skyward Specialty Insurance Group to an “outperform” rating in a report on Monday, September 15th.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $46.66 on Wednesday. The company has a market capitalization of $1.89 billion, a PE ratio of 13.76 and a beta of 0.54. Skyward Specialty Insurance Group has a 52-week low of $41.28 and a 52-week high of $65.05. The business’s fifty day moving average is $48.67 and its 200 day moving average is $49.36.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.85 by $0.20. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.The business had revenue of $382.53 million during the quarter, compared to analysts’ expectations of $334.54 million. During the same period in the previous year, the business earned $0.71 earnings per share. On average, sell-side analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the completion of the sale, the insider directly owned 8,059 shares in the company, valued at approximately $403,030.59. The trade was a 38.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.01% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 5.2% in the third quarter. Vanguard Group Inc. now owns 2,452,842 shares of the company’s stock worth $116,657,000 after purchasing an additional 120,663 shares during the last quarter. Invesco Ltd. boosted its position 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 buying an additional 566,902 shares during the period. Reinhart Partners LLC. grew its holdings in Skyward Specialty Insurance Group by 68.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after acquiring an additional 654,500 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Skyward Specialty Insurance Group by 16.8% in the second quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock valued at $79,730,000 after acquiring an additional 198,931 shares during the period. Finally, Champlain Investment Partners LLC raised its position in Skyward Specialty Insurance Group by 19.5% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock valued at $65,290,000 after purchasing an additional 224,122 shares during the last quarter. 94.83% of the stock is currently 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.