Keefe, Bruyette & Woods Issues Positive Forecast for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target increased by Keefe, Bruyette & Woods from $65.00 to $72.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 16th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Piper Sandler boosted their price objective on shares of Skyward Specialty Insurance Group from $55.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $67.22.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $60.37 on Wednesday. The firm has a 50 day simple moving average of $49.60 and a 200 day simple moving average of $47.35. Skyward Specialty Insurance Group has a fifty-two week low of $40.60 and a fifty-two week high of $63.03. The firm has a market cap of $2.45 billion, a P/E ratio of 14.55 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The firm had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts expect that Skyward Specialty Insurance Group will post 4.93 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director owned 4,570 shares in the company, valued at approximately $211,819.50. This trade represents a 13.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the transaction, the director owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. The trade was a 14.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 8.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. bought a new stake in Skyward Specialty Insurance Group in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $37,000. Quarry LP increased its position in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $60,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.