Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.75.

SKWD has been the topic of a number of research reports. Truist Financial increased their price objective on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, May 5th. JMP Securities increased their price objective on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Jefferies Financial Group downgraded Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $62.00 to $59.00 in a report on Friday, April 11th. Finally, Barclays increased their price target on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, April 11th.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, CFO Mark W. Haushill sold 52,748 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $58.76, for a total value of $3,099,472.48. Following the completion of the transaction, the chief financial officer directly owned 133,629 shares of the company's stock, valued at $7,852,040.04. This trade represents a 28.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kirby Hill sold 8,249 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the completion of the transaction, the chairman directly owned 8,249 shares of the company's stock, valued at approximately $502,116.63. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of Skyward Specialty Insurance Group by 756.1% in the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. LRI Investments LLC bought a new position in Skyward Specialty Insurance Group during the 1st quarter valued at about $67,000. KBC Group NV bought a new position in Skyward Specialty Insurance Group during the 1st quarter valued at about $81,000. ORG Wealth Partners LLC lifted its holdings in Skyward Specialty Insurance Group by 86.9% during the 1st quarter. ORG Wealth Partners LLC now owns 2,273 shares of the company's stock valued at $123,000 after purchasing an additional 1,057 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Skyward Specialty Insurance Group by 52.4% during the 1st quarter. State of Wyoming now owns 2,435 shares of the company's stock valued at $129,000 after purchasing an additional 837 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Down 0.1%

Shares of SKWD traded down $0.03 during trading hours on Wednesday, reaching $53.93. The company's stock had a trading volume of 93,950 shares, compared to its average volume of 370,105. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 17.90 and a beta of 0.65. Skyward Specialty Insurance Group has a 1-year low of $34.10 and a 1-year high of $65.05. The company has a 50 day moving average of $58.99 and a two-hundred day moving average of $53.01.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Skyward Specialty Insurance Group had a return on equity of 16.80% and a net margin of 10.23%. The firm had revenue of $328.53 million for the quarter, compared to the consensus estimate of $310.94 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, analysts forecast that Skyward Specialty Insurance Group will post 3.05 EPS for the current fiscal year.

Skyward Specialty Insurance Group Company Profile

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.