Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $56.25 Average PT from Brokerages

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $57.00.

Several research analysts have commented on the stock. TD Cowen started coverage on shares of 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. Keefe, Bruyette & Woods decreased their price target on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research note on Wednesday. Truist Financial lifted their price objective on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wolfe Research restated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Finally, Piper Sandler decreased their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 6th.

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Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the sale, the insider now directly owns 3,946 shares in the company, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the sale, the insider now directly owns 17,655 shares of the company's stock, valued at approximately $886,987.20. The trade was a 21.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,132 shares of company stock worth $620,476. 8.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. purchased a new stake in Skyward Specialty Insurance Group in the first quarter worth approximately $49,979,000. Summit Global Investments bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter valued at $1,392,000. GAMMA Investing LLC boosted its stake in shares of Skyward Specialty Insurance Group by 6,374.4% in the 1st quarter. GAMMA Investing LLC now owns 17,675 shares of the company's stock worth $935,000 after buying an additional 17,402 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $6,048,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Skyward Specialty Insurance Group by 35.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 85,587 shares of the company's stock valued at $4,326,000 after acquiring an additional 22,313 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Price Performance

SKWD traded up $0.38 during midday trading on Monday, reaching $52.53. 543,473 shares of the company's stock traded hands, compared to its average volume of 379,403. Skyward Specialty Insurance Group has a 52 week low of $33.27 and a 52 week high of $55.62. The firm has a fifty day moving average of $50.56 and a two-hundred day moving average of $48.50. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $304.40 million for the quarter, compared to analysts' expectations of $295.56 million. Sell-side analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

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.