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

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective lifted by research analysts at Keefe, Bruyette & Woods from $66.00 to $69.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 44.17% from the stock’s previous close.

SKWD has been the subject of several other reports. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Citigroup reissued an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research note on Friday, December 5th. BMO Capital Markets raised their price target on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Monday, September 8th. Finally, Janney Montgomery Scott began coverage on Skyward Specialty Insurance Group in a research report on Monday, October 6th. They issued a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.55.

Skyward Specialty Insurance Group Trading Down 5.1%

NASDAQ SKWD traded down $2.59 during trading hours on Tuesday, hitting $47.86. 149,249 shares of the company’s stock traded hands, compared to its average volume of 240,607. The business’s fifty day moving average price is $48.54 and its two-hundred day moving average price is $49.55. The firm has a market capitalization of $1.94 billion, a P/E ratio of 14.12 and a beta of 0.54. Skyward Specialty Insurance Group has a 52 week low of $41.28 and a 52 week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. The company had revenue of $382.53 million for the quarter, compared to analysts’ expectations of $334.54 million. During the same quarter last year, the business earned $0.71 EPS. On average, sell-side analysts expect that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Sandip A. Kapadia sold 5,030 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares in the company, valued at $403,030.59. This represents a 38.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.86% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after buying an additional 248 shares during the period. Cambria Investment Management L.P. lifted its position in Skyward Specialty Insurance Group by 24.9% during the third quarter. Cambria Investment Management L.P. now owns 10,462 shares of the company’s stock valued at $498,000 after buying an additional 2,088 shares in the last quarter. Oberweis Asset Management Inc. boosted its position in Skyward Specialty Insurance Group by 76.1% during the 3rd quarter. Oberweis Asset Management Inc. now owns 231,800 shares of the company’s stock worth $11,024,000 after purchasing an additional 100,200 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the third quarter worth about $284,000. Finally, Voleon Capital Management LP acquired a new stake in Skyward Specialty Insurance Group in the third quarter valued at approximately $735,000. 94.83% of the stock is owned by institutional investors and hedge funds.

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.