Skyward Specialty Insurance Group (NASDAQ:SKWD - Free Report) had its target price increased by Raymond James from $45.00 to $55.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a strong-buy rating on the stock.
Several other equities research analysts also recently issued reports on the stock. Truist Financial reissued a "buy" rating and set a $49.00 price objective (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. JMP Securities increased their price objective on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Piper Sandler increased their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. William Blair started coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an "outperform" rating for the company. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.89.
Read Our Latest Analysis on Skyward Specialty Insurance Group
Skyward Specialty Insurance Group Stock Performance
NASDAQ:SKWD traded up $1.04 during trading hours on Tuesday, hitting $44.35. The stock had a trading volume of 187,148 shares, compared to its average volume of 358,313. Skyward Specialty Insurance Group has a one year low of $27.56 and a one year high of $48.40. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.79 and a beta of 0.53. The business's 50 day moving average is $42.46 and its 200-day moving average is $38.81.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 17.01%. The firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group will post 3.06 EPS for the current fiscal year.
Insider Buying and Selling at Skyward Specialty Insurance Group
In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $36.87, for a total value of $60,946.11. Following the completion of the sale, the director now owns 4,001 shares in the company, valued at $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.01% of the company's stock.
Institutional Trading of Skyward Specialty Insurance Group
A number of hedge funds have recently modified their holdings of SKWD. Capital International Investors lifted its stake in shares of Skyward Specialty Insurance Group by 48.0% during the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company's stock worth $82,767,000 after buying an additional 717,972 shares during the last quarter. Marshall Wace LLP bought a new position in Skyward Specialty Insurance Group during the second quarter worth about $10,152,000. Dimensional Fund Advisors LP bought a new position in Skyward Specialty Insurance Group during the second quarter worth about $8,151,000. Vanguard Group Inc. increased its position in Skyward Specialty Insurance Group by 11.3% during the first quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company's stock worth $76,458,000 after acquiring an additional 207,744 shares during the period. Finally, Mutual of America Capital Management LLC bought a new position in Skyward Specialty Insurance Group during the second quarter worth about $6,568,000. Institutional investors and hedge funds own 94.83% of the company's stock.
About Skyward Specialty Insurance Group
(
Get Free Report)
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.
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