Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Rating of “Buy” from Analysts

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get Rating) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $24.50.

A number of analysts recently commented on the company. Barclays boosted their target price on Skyward Specialty Insurance Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, April 12th. Truist Financial assumed coverage on shares of Skyward Specialty Insurance Group in a report on Tuesday, February 7th. They issued a “buy” rating and a $26.00 price target on the stock. JMP Securities initiated coverage on Skyward Specialty Insurance Group in a research note on Tuesday, February 7th. They set an “outperform” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, April 17th. Finally, Piper Sandler assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Tuesday, February 7th. They set an “overweight” rating and a $23.00 target price for the company.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $21.55 on Monday. The business’s 50-day moving average price is $20.45. Skyward Specialty Insurance Group has a fifty-two week low of $17.50 and a fifty-two week high of $23.25.

Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $187.37 million for the quarter, compared to the consensus estimate of $174.71 million. On average, research analysts forecast that Skyward Specialty Insurance Group will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several large investors have recently made changes to their positions in the company. Barclays PLC bought a new position in Skyward Specialty Insurance Group during the first quarter worth about $187,000. Amalgamated Bank bought a new position in Skyward Specialty Insurance Group in the first quarter valued at about $39,000. Royce & Associates LP bought a new position in shares of Skyward Specialty Insurance Group during the first quarter worth about $7,538,000. Calamos Advisors LLC acquired a new stake in Skyward Specialty Insurance Group in the first quarter valued at approximately $1,236,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter worth $8,755,000.

Skyward Specialty Insurance Group Company Profile

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Skyward Specialty Insurance Group Inc is an insurance holding company, engages in underwriting commercial property and casualty insurance coverages principally in the United States. Skyward Specialty Insurance Group Inc is based in Houston, Texas.