Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Raised to $45.00 at Barclays

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target hoisted by Barclays from $44.00 to $45.00 in a research report released on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Piper Sandler lifted their price target on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Tuesday, October 15th. Truist Financial reiterated a “buy” rating and issued a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Finally, William Blair began coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $45.22.

Skyward Specialty Insurance Group Stock Down 1.2 %

NASDAQ:SKWD opened at $43.70 on Wednesday. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.82 and a beta of 0.53. Skyward Specialty Insurance Group has a 12-month low of $27.56 and a 12-month high of $48.40. The firm has a 50-day moving average price of $42.39 and a 200 day moving average price of $38.72.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. The company had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 17.01% and a net margin of 12.24%. During the same period in the prior year, the company posted $0.65 EPS. On average, research analysts expect that Skyward Specialty Insurance Group will post 2.98 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Katharine Terry sold 1,653 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 and other institutional investors have recently added to or reduced their stakes in SKWD. Arcadia Investment Management Corp MI bought a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at about $41,000. Amalgamated Bank boosted its stake in Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after acquiring an additional 279 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Skyward Specialty Insurance Group by 24.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock valued at $111,000 after acquiring an additional 579 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth $160,000. Finally, CWM LLC raised its position in shares of Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after acquiring an additional 4,003 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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.