Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $42.50 Average Target Price from Brokerages (2024)

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get Free Report) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $42.50.

A number of brokerages have recently weighed in on SKWD. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the company a “market outperform” rating in a report on Thursday, May 2nd. Piper Sandler lifted their price target on Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Truist Financial lifted their price target on Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets lifted their price target on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, February 26th.

Get Our Latest Report on Skyward Specialty Insurance Group

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, major shareholder Corp Westaim sold 5,060,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $36.50, for a total value of $184,690,000.00. Following the transaction, the insider now owns 1,919,639 shares in the company, valued at $70,066,823.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Corp Westaim sold 5,060,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $36.50, for a total transaction of $184,690,000.00. Following the completion of the sale, the insider now owns 1,919,639 shares in the company, valued at approximately $70,066,823.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Robinson sold 23,533 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $37.21, for a total value of $875,662.93. Following the sale, the chief executive officer now owns 83,154 shares of the company’s stock, valued at approximately $3,094,160.34. The disclosure for this sale can be found here. Insiders have sold 5,095,277 shares of company stock worth $186,000,945 over the last 90 days. 8.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in Skyward Specialty Insurance Group by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 232,644 shares of the company’s stock valued at $7,882,000 after acquiring an additional 30,746 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 109.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,787 shares of the company’s stock worth $41,390,000 after buying an additional 790,826 shares in the last quarter. Redwood Investments LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $2,890,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth approximately $396,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth approximately $1,106,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 0.6 %

Shares of SKWD opened at $34.46 on Tuesday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 12.67 and a beta of 0.68. The stock has a 50 day moving average of $36.34 and a 200-day moving average of $34.74. Skyward Specialty Insurance Group has a 52 week low of $22.97 and a 52 week high of $39.16.

Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $264.97 million for the quarter, compared to the consensus estimate of $251.66 million. Skyward Specialty Insurance Group had a return on equity of 15.98% and a net margin of 11.16%. During the same quarter in the previous year, the business earned $0.42 EPS. On average, sell-side analysts predict that Skyward Specialty Insurance Group will post 2.78 earnings per share for the current fiscal year.

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.

Featured Stories

• Five stocks we like better than Skyward Specialty Insurance Group
• Using the MarketBeat Stock Split Calculator
• Dave & Buster’s Stock Offers a Prime Buying Opportunity
• Should You Add These Warren Buffett Stocks to Your Portfolio?
• The FOMC Decision Means Higher Prices for Stocks This Summer
• Financial Services Stocks Investing
• Here’s Why Analysts Boosted Walmart Stock’s Valuation

Receive News & Ratings for Skyward Specialty Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyward Specialty Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.