Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Lowered to $65.00 at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $70.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 48.27% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Zacks Research downgraded Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings downgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, Piper Sandler decreased their target price on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.30.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD traded down $0.54 during trading on Tuesday, reaching $43.84. 149,655 shares of the company’s stock were exchanged, compared to its average volume of 511,027. The business has a 50 day moving average price of $44.97 and a 200-day moving average price of $46.79. The stock has a market capitalization of $1.95 billion, a P/E ratio of 10.77 and a beta of 0.61. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21. The firm had revenue of $385.59 million for the quarter, compared to the consensus estimate of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, analysts forecast that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current year.

Insider Activity

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski bought 1,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $48.13 per share, with a total value of $48,130.00. Following the completion of the transaction, the director owned 11,903 shares in the company, valued at $572,891.39. The trade was a 9.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew S. Robinson bought 22,100 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $46.76 per share, with a total value of $1,033,396.00. Following the transaction, the chief executive officer owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This trade represents a 15.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 30,500 shares of company stock valued at $1,433,546. 8.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently made changes to their positions in SKWD. Reinhart Partners LLC. boosted its stake in shares of Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after buying an additional 803,217 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after buying an additional 762,079 shares during the period. Invesco Ltd. boosted its stake in shares of Skyward Specialty Insurance Group by 46.3% in the second 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. Freestone Grove Partners LP bought a new stake in shares of Skyward Specialty Insurance Group in the third quarter valued at approximately $24,234,000. Finally, Langdon Equity Partners bought a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $16,965,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Company Profile

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.