Brokerages Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) PT at $67.82

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $67.8182.

Several equities analysts have issued reports on the stock. Citizens Jmp upped their price objective on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, December 4th. Zacks Research raised Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research note on Friday, January 16th. Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Finally, Barclays set a $63.00 target price on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider directly owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its position in Skyward Specialty Insurance Group by 1.0% in the third quarter. Campbell Newman Asset Management Inc. now owns 27,316 shares of the company’s stock valued at $1,299,000 after purchasing an additional 265 shares during the period. CWM LLC boosted its holdings in Skyward Specialty Insurance Group by 19.4% in the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after purchasing an additional 327 shares in the last quarter. California State Teachers Retirement System increased its position in Skyward Specialty Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after purchasing an additional 341 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Skyward Specialty Insurance Group by 5.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,516 shares of the company’s stock worth $492,000 after buying an additional 460 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Trading Down 1.3%

SKWD stock opened at $44.25 on Friday. Skyward Specialty Insurance Group has a twelve month low of $43.35 and a twelve month high of $65.05. The company’s 50 day moving average is $47.90 and its two-hundred day moving average is $48.09. The stock has a market cap of $1.79 billion, a P/E ratio of 13.05 and a beta of 0.55.

About Skyward Specialty Insurance Group

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.