Skyward Specialty Insurance Group (NASDAQ:SKWD) Given Market Outperform Rating at JMP Securities

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report)'s stock had its "market outperform" rating reaffirmed by investment analysts at JMP Securities in a report issued on Monday,Benzinga reports. They currently have a $60.00 target price on the stock. JMP Securities' target price would suggest a potential upside of 17.75% from the company's previous close.

SKWD has been the subject of several other reports. TD Cowen started coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 price objective for the company. Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Barclays increased their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Raymond James boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.44.

Skyward Specialty Insurance Group Stock Up 4.6 %

Shares of SKWD traded up $2.23 during mid-day trading on Monday, hitting $50.96. 146,579 shares of the company's stock were exchanged, compared to its average volume of 388,959. Skyward Specialty Insurance Group has a 52 week low of $31.73 and a 52 week high of $55.62. The stock's 50-day simple moving average is $47.74 and its 200-day simple moving average is $45.00. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 637 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the completion of the sale, the insider now directly owns 10,792 shares in the company, valued at $515,965.52. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Charles Hays sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the transaction, the director now directly owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,318 shares of company stock worth $2,098,866 over the last quarter. Corporate insiders own 8.01% of the company's stock.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in Skyward Specialty Insurance Group in the third quarter valued at $41,000. Sterling Capital Management LLC grew its stake 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 worth $46,000 after purchasing an additional 809 shares during the period. Quarry LP increased its holdings in Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company's stock worth $56,000 after purchasing an additional 879 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Skyward Specialty Insurance Group in the fourth quarter valued at approximately $61,000. Finally, CWM LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company's stock worth $168,000 after buying an additional 4,003 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

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.