Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Raised to $72.00

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

Other equities analysts have also recently issued reports about the stock. Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Piper Sandler boosted their price target on shares of Skyward Specialty Insurance Group from $55.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays upped their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 16th. Finally, Wall Street Zen lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.22.

Skyward Specialty Insurance Group Trading Down 1.3%

NASDAQ:SKWD opened at $59.34 on Wednesday. The company has a 50-day moving average price of $50.18 and a 200-day moving average price of $47.49. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 14.30 and a beta of 0.34. Skyward Specialty Insurance Group has a 12 month low of $40.60 and a 12 month high of $63.03.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the prior year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts forecast that Skyward Specialty Insurance Group will post 4.93 EPS for the current fiscal year.

Insider Activity

In other news, Director Gena L. Ashe sold 740 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the completion of the transaction, the director owned 4,570 shares in the company, valued at $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 available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski purchased 2,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the transaction, the director owned 15,977 shares in the company, valued at approximately $752,516.70. This trade represents a 14.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently made changes to their positions in the business. Reinhart Partners LLC. boosted its position in shares of Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after acquiring an additional 803,217 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Skyward Specialty Insurance Group by 411.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after purchasing an additional 762,079 shares during the period. Wasatch Advisors LP raised its holdings in shares of Skyward Specialty Insurance Group by 198.5% during the second quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock valued at $55,694,000 after buying an additional 634,708 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Skyward Specialty Insurance Group in the 3rd quarter valued at approximately $24,234,000. Finally, Sei Investments Co. boosted its position in Skyward Specialty Insurance Group by 397.5% during the 1st quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock worth $18,926,000 after acquiring an additional 346,202 shares during the period. 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.