Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) had its price target upped by analysts at Keefe, Bruyette & Woods from $59.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 22.90% from the stock's current price.

Several other research firms have also recently weighed in on SKWD. TD Cowen started coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Piper Sandler lowered their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Thursday. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Jefferies Financial Group boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, JMP Securities upped their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.44.

Skyward Specialty Insurance Group Stock Up 0.6 %

Shares of Skyward Specialty Insurance Group stock traded up $0.30 during midday trading on Thursday, hitting $48.82. The company's stock had a trading volume of 296,705 shares, compared to its average volume of 409,423. The firm has a market capitalization of $1.96 billion, a P/E ratio of 14.88, a PEG ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group has a 1-year low of $30.73 and a 1-year high of $55.62. The stock has a 50-day simple moving average of $48.07 and a 200-day simple moving average of $44.82.

Insiders Place Their Bets

In related news, insider Thomas N. Schmitt sold 546 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.85, for a total transaction of $25,580.10. Following the completion of the sale, the insider now directly owns 10,246 shares of the company's stock, valued at approximately $480,025.10. This represents a 5.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Charles Hays sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now 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 valued at $2,098,866 over the last three months. 8.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SKWD. Jennison Associates LLC grew its position in shares of Skyward Specialty Insurance Group by 1.0% in the third quarter. Jennison Associates LLC now owns 1,296,001 shares of the company's stock valued at $52,786,000 after purchasing an additional 12,484 shares during the last quarter. Franklin Resources Inc. boosted its stake in Skyward Specialty Insurance Group by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company's stock valued at $45,506,000 after purchasing an additional 158,679 shares during the period. Emerald Advisers LLC grew its holdings in Skyward Specialty Insurance Group by 3.4% in the 3rd quarter. Emerald Advisers LLC now owns 874,581 shares of the company's stock valued at $35,622,000 after buying an additional 28,618 shares during the last quarter. State Street Corp increased its position in Skyward Specialty Insurance Group by 10.8% in the 3rd quarter. State Street Corp now owns 844,233 shares of the company's stock worth $34,386,000 after buying an additional 82,328 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 12.9% during the third quarter. Victory Capital Management Inc. now owns 743,073 shares of the company's stock worth $30,265,000 after buying an additional 84,623 shares during the last quarter. 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.