Skyward Specialty Insurance Group's (SKWD) "Outperform" Rating Reaffirmed at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report issued on Wednesday, Benzinga reports. They presently have a $43.00 price objective on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 12.68% from the stock's current price.

A number of other brokerages have also recently weighed in on SKWD. Piper Sandler boosted their price objective on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday. Wolfe Research started coverage on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 11th. They issued an "outperform" rating and a $39.00 price objective for the company. Raymond James boosted their price objective on shares of Skyward Specialty Insurance Group from $36.00 to $40.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, December 12th. BMO Capital Markets upped their target price on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, February 26th. Finally, JMP Securities upped their target price on shares of Skyward Specialty Insurance Group from $38.00 to $40.00 and gave the company a "market outperform" rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $39.56.

Skyward Specialty Insurance Group Stock Up 0.6 %

SKWD stock traded up $0.22 during trading hours on Wednesday, hitting $38.16. The company's stock had a trading volume of 296,243 shares, compared to its average volume of 319,901. The company has a market capitalization of $1.44 billion, a PE ratio of 17.04 and a beta of 0.45. Skyward Specialty Insurance Group has a 12 month low of $19.70 and a 12 month high of $38.48. The stock has a 50 day moving average price of $34.49 and a two-hundred day moving average price of $32.13.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. The company had revenue of $321.60 million during the quarter, compared to the consensus estimate of $320.34 million. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 15.27%. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Sell-side analysts expect that Skyward Specialty Insurance Group will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 13,374 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $35.70, for a total value of $477,451.80. Following the sale, the chief executive officer now owns 96,883 shares of the company's stock, valued at approximately $3,458,723.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark W. Haushill sold 35,000 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.96, for a total value of $1,258,600.00. Following the sale, the chief financial officer now owns 261,688 shares of the company's stock, valued at approximately $9,410,300.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Robinson sold 13,374 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $35.70, for a total transaction of $477,451.80. Following the completion of the sale, the chief executive officer now directly owns 96,883 shares in the company, valued at approximately $3,458,723.10. The disclosure for this sale can be found here. Insiders have sold 98,890 shares of company stock valued at $3,533,839 in the last 90 days.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 21.4% in the 4th quarter. Vanguard Group Inc. now owns 1,836,029 shares of the company's stock worth $62,205,000 after purchasing an additional 323,242 shares during the last quarter. Capital International Investors bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $50,632,000. Jennison Associates LLC grew its holdings in Skyward Specialty Insurance Group by 35.2% during the 3rd quarter. Jennison Associates LLC now owns 1,356,301 shares of the company's stock worth $37,108,000 after acquiring an additional 352,971 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Skyward Specialty Insurance Group during the 1st quarter worth about $26,911,000. Finally, Ameriprise Financial Inc. grew its holdings in Skyward Specialty Insurance Group by 205.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 787,893 shares of the company's stock worth $21,557,000 after acquiring an additional 530,045 shares during the last quarter. Institutional investors own 94.83% of the company's stock.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.