Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.89.

SKWD has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Oppenheimer initiated coverage on shares of Skyward Specialty Insurance Group in a research report on Friday, July 12th. They issued a "market perform" rating on the stock. JMP Securities lifted their price objective on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, August 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors raised its stake in Skyward Specialty Insurance Group by 48.0% in the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company's stock valued at $82,767,000 after purchasing an additional 717,972 shares during the last quarter. Marshall Wace LLP acquired a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at about $10,152,000. Dimensional Fund Advisors LP acquired a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at about $8,151,000. Vanguard Group Inc. raised its stake in Skyward Specialty Insurance Group by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company's stock valued at $76,458,000 after purchasing an additional 207,744 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at about $6,568,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD traded up $1.01 during mid-day trading on Friday, reaching $48.51. 291,917 shares of the company's stock were exchanged, compared to its average volume of 358,049. The stock has a market capitalization of $1.95 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.85 and a beta of 0.53. The business's fifty day simple moving average is $42.83 and its 200-day simple moving average is $38.98. Skyward Specialty Insurance Group has a 52-week low of $29.40 and a 52-week high of $48.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.06. The business had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 17.01%. During the same period last year, the firm posted $0.65 earnings per share. Equities research analysts predict that Skyward Specialty Insurance Group will post 3.06 earnings per share for the current year.

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.