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

Key Points

• Skyward Specialty Insurance Group, Inc. has received a consensus rating of "Moderate Buy" from thirteen brokerages, with a 1-year target price of $60.70.
• The company reported $0.89 EPS for the last quarter, exceeding analyst expectations, and had revenue of $319.90 million despite falling short of forecasts.
• Institutional investors hold a significant portion of the company, with 94.83% of shares owned by hedge funds and institutional investors.

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $60.70.

A number of brokerages recently issued reports on SKWD. JMP Securities upped their price target on Skyward Specialty Insurance Group from $65.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday, September 4th. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Wolfe Research upgraded shares of Skyward Specialty Insurance Group to an "outperform" rating in a research report on Monday, September 15th. BMO Capital Markets upped their price target on Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the stock a "market perform" rating in a report on Monday, September 8th. Finally, Janney Montgomery Scott assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, October 6th. They set a "buy" rating and a $60.00 target price for the company.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ SKWD opened at $46.60 on Friday. The stock's 50-day moving average is $47.91 and its two-hundred day moving average is $53.12. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 14.65 and a beta of 0.58. Skyward Specialty Insurance Group has a 1-year low of $41.28 and a 1-year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The company had revenue of $319.90 million during the quarter, compared to analysts' expectations of $324.64 million. Skyward Specialty Insurance Group had a net margin of 10.53% and a return on equity of 16.40%. During the same quarter in the previous year, the business posted $0.80 EPS. Equities research analysts anticipate that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter valued at about $544,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $241,000. Moran Wealth Management LLC boosted its stake in shares of Skyward Specialty Insurance Group by 6.2% during the 1st quarter. Moran Wealth Management LLC now owns 10,032 shares of the company's stock valued at $531,000 after buying an additional 585 shares during the last quarter. Diversified Trust Co grew its position in shares of Skyward Specialty Insurance Group by 11.4% during the first quarter. Diversified Trust Co now owns 18,379 shares of the company's stock worth $973,000 after buying an additional 1,879 shares in the last quarter. Finally, Lisanti Capital Growth LLC grew its position in shares of Skyward Specialty Insurance Group by 158.8% during the first quarter. Lisanti Capital Growth LLC now owns 86,765 shares of the company's stock worth $4,592,000 after buying an additional 53,235 shares in 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, 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.

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