Skyward Specialty Insurance Group (NASDAQ:SKWD) Shares Down 2.4%

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)’s share price traded down 2.4% during mid-day trading on Tuesday . The stock traded as low as $29.43 and last traded at $30.02. 50,017 shares traded hands during trading, a decline of 83% from the average session volume of 290,318 shares. The stock had previously closed at $30.77.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial raised their price objective on shares of Skyward Specialty Insurance Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets lifted their target price on shares of Skyward Specialty Insurance Group from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Monday, August 14th. JMP Securities lifted their target price on shares of Skyward Specialty Insurance Group from $32.00 to $33.00 and gave the company a “market outperform” rating in a report on Friday, October 13th. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, October 6th. Finally, Raymond James lifted their target price on shares of Skyward Specialty Insurance Group from $28.00 to $30.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $30.71.

Skyward Specialty Insurance Group Price Performance

The company’s 50 day moving average is $28.03 and its 200 day moving average is $25.54. The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 14.86.

Institutional Trading of Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in SKWD. Amalgamated Bank acquired a new position in Skyward Specialty Insurance Group during the first quarter worth about $39,000. Strs Ohio acquired a new position in Skyward Specialty Insurance Group during the first quarter worth about $48,000. Tower Research Capital LLC TRC raised its position in Skyward Specialty Insurance Group by 390.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the company’s stock worth $52,000 after acquiring an additional 1,618 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Skyward Specialty Insurance Group in the first quarter valued at approximately $81,000. Finally, California State Teachers Retirement System acquired a new position in shares of Skyward Specialty Insurance Group in the first quarter valued at approximately $84,000. Institutional investors and hedge funds own 41.33% of the company’s stock.

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.