Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $51.44.

Several research firms recently commented on SKWD. TD Cowen began coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a "hold" rating and a $43.00 target price on the stock. Piper Sandler lowered their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Raymond James boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, Barclays increased 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 report on Monday, January 6th.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD traded up $0.49 during mid-day trading on Friday, reaching $49.58. 160,605 shares of the company's stock traded hands, compared to its average volume of 378,437. The business's 50-day moving average price is $47.54 and its 200-day moving average price is $45.34. The stock has a market capitalization of $1.99 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group has a 12 month low of $32.08 and a 12 month high of $55.62.

Insider Activity at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 1,630 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.06, for a total transaction of $79,967.80. Following the sale, the chief financial officer now directly owns 176,971 shares of the company's stock, valued at $8,682,197.26. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas N. Schmitt sold 546 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.85, for a total value of $25,580.10. Following the completion of the transaction, the insider now owns 10,246 shares of the company's stock, valued at $480,025.10. This trade represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,318 shares of company stock valued at $2,098,866 over the last ninety days. Insiders own 8.01% of the company's stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its stake in Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after purchasing an additional 247 shares during the period. Chartwell Investment Partners LLC boosted its position in shares of Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock worth $1,549,000 after buying an additional 306 shares during the period. IHT Wealth Management LLC boosted its position in shares of Skyward Specialty Insurance Group by 4.6% in the third quarter. IHT Wealth Management LLC now owns 10,501 shares of the company's stock worth $428,000 after buying an additional 464 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Skyward Specialty Insurance Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company's stock valued at $1,068,000 after buying an additional 748 shares in the last quarter. Finally, Sterling Capital Management LLC raised 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 buying an additional 809 shares during the period. Institutional investors and hedge funds own 94.83% of the company's stock.

About Skyward Specialty Insurance Group

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.