Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Lowered to $65.00 at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its target price dropped by equities researchers at Keefe, Bruyette & Woods from $70.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 48.27% from the stock’s current price.

Several other research analysts have also weighed in on SKWD. Susquehanna set a $80.00 target price on Skyward Specialty Insurance Group in a report on Friday, January 16th. Barclays set a $63.00 target price on Skyward Specialty Insurance Group in a report on Thursday, January 8th. Zacks Research lowered Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Finally, Piper Sandler cut their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $65.30.

Skyward Specialty Insurance Group Stock Performance

SKWD stock traded down $0.54 during midday trading on Tuesday, hitting $43.84. 149,655 shares of the company’s stock were exchanged, compared to its average volume of 511,027. The stock’s fifty day moving average price is $44.97 and its 200-day moving average price is $46.79. The company has a market cap of $1.95 billion, a PE ratio of 10.77 and a beta of 0.61. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. The firm had revenue of $385.59 million for the quarter, compared to analyst estimates of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.During the same period in the previous year, the company posted $0.80 earnings per share. On average, analysts expect that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

Insider Activity

In related news, Director Anthony J. Kuczinski bought 1,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $48.13 per share, with a total value of $48,130.00. Following the completion of the transaction, the director owned 11,903 shares in the company, valued at $572,891.39. The trade was a 9.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Robinson bought 22,100 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the transaction, the chief executive officer owned 167,674 shares of the company’s stock, valued at $7,840,436.24. The trade was a 15.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 30,500 shares of company stock worth $1,433,546 over the last three months. Corporate insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position 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 during the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of 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 acquiring an additional 265 shares during the last quarter. CWM LLC increased its position in shares of Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after acquiring an additional 327 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after acquiring an additional 341 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Skyward Specialty Insurance Group by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after acquiring an additional 423 shares during the last quarter. Institutional investors and hedge funds 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.