Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $54.56 and last traded at $53.09, with a volume of 338445 shares trading hands. The stock had previously closed at $53.54.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. JMP Securities boosted their price objective on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a research report on Friday. Truist Financial upped their price objective on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research note on Monday. TD Cowen initiated coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Finally, Barclays increased their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.88.
Check Out Our Latest Analysis on SKWD
Skyward Specialty Insurance Group Price Performance
The firm's 50 day moving average price is $52.14 and its two-hundred day moving average price is $49.78. The stock has a market cap of $2.39 billion, a PE ratio of 18.07, a P/E/G ratio of 0.81 and a beta of 0.64.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The business had revenue of $328.53 million during the quarter, compared to analyst estimates of $310.94 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period in the previous year, the business earned $0.75 EPS. Analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.
Insider Activity at Skyward Specialty Insurance Group
In other news, insider John A. Burkhart III sold 4,832 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the transaction, the insider now owns 17,655 shares of the company's stock, valued at approximately $886,987.20. This represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now directly owns 3,946 shares of the company's stock, valued at $204,876.32. This represents a 61.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,132 shares of company stock worth $620,476. 8.01% of the stock is owned by company insiders.
Institutional Trading of Skyward Specialty Insurance Group
Several institutional investors and hedge funds have recently modified their holdings of SKWD. Sterling Capital Management LLC increased its position in shares of Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Skyward Specialty Insurance Group in the 4th quarter worth approximately $61,000. LRI Investments LLC bought a new position in shares of Skyward Specialty Insurance Group in the 1st quarter worth $67,000. KBC Group NV purchased a new stake in shares of Skyward Specialty Insurance Group during the 1st quarter valued at $81,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Skyward Specialty Insurance Group during the 1st quarter worth $179,000. Hedge funds and other institutional investors own 94.83% of the company's stock.
About Skyward Specialty Insurance Group
(
Get Free Report)
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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