Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Raised to $44.00 at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its target price upped by Keefe, Bruyette & Woods from $43.00 to $44.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on SKWD. Jefferies Financial Group assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Tuesday, December 12th. They issued a buy rating and a $40.00 price target on the stock. BMO Capital Markets boosted their target price on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a market perform rating in a research report on Monday, February 26th. Wolfe Research assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Thursday, January 11th. They set an outperform rating and a $39.00 target price on the stock. Raymond James boosted their target price on shares of Skyward Specialty Insurance Group from $36.00 to $40.00 and gave the stock a strong-buy rating in a research report on Tuesday, December 12th. Finally, JMP Securities boosted their target price on shares of Skyward Specialty Insurance Group from $38.00 to $40.00 and gave the stock a market outperform rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of Buy and an average price target of $39.67.

Skyward Specialty Insurance Group Stock Down 2.4 %

NASDAQ SKWD opened at $36.66 on Wednesday. Skyward Specialty Insurance Group has a 12-month low of $20.63 and a 12-month high of $38.64. The stock has a market capitalization of $1.47 billion, a PE ratio of 16.37 and a beta of 0.45. The company has a 50 day moving average price of $35.09 and a two-hundred day moving average price of $32.47.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The company had revenue of $321.60 million for the quarter, compared to analyst estimates of $320.34 million. During the same quarter last year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, equities analysts anticipate that Skyward Specialty Insurance Group will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.58, for a total transaction of $889,500.00. Following the sale, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.58, for a total transaction of $889,500.00. Following the sale, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Haushill sold 35,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the sale, the chief financial officer now owns 261,688 shares in the company, valued at approximately $9,410,300.48. The disclosure for this sale can be found here. Insiders have sold 98,890 shares of company stock worth $3,533,839 over the last 90 days.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd boosted its stake in shares of Skyward Specialty Insurance Group by 15.5% in the 4th quarter. Quadrature Capital Ltd now owns 46,504 shares of the company’s stock valued at $1,576,000 after purchasing an additional 6,232 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 21.4% in the 4th quarter. Vanguard Group Inc. now owns 1,836,029 shares of the company’s stock valued at $62,205,000 after purchasing an additional 323,242 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 544.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 458,303 shares of the company’s stock valued at $15,527,000 after purchasing an additional 387,208 shares in the last quarter. Quarry LP boosted its stake in shares of Skyward Specialty Insurance Group by 87.9% in the 4th quarter. Quarry LP now owns 746 shares of the company’s stock valued at $25,000 after purchasing an additional 349 shares in the last quarter. Finally, Ashford Capital Management Inc. boosted its stake in shares of Skyward Specialty Insurance Group by 112.8% in the 4th quarter. Ashford Capital Management Inc. now owns 755,100 shares of the company’s stock valued at $25,583,000 after purchasing an additional 400,300 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

About Skyward Specialty Insurance Group

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.