JMP Securities Issues Positive Forecast for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock Price

Skyward Specialty Insurance Group (NASDAQ:SKWD - Free Report) had its price objective boosted by JMP Securities from $60.00 to $65.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target 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. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Jefferies Financial Group downgraded Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $62.00 to $59.00 in a research report on Friday, April 11th. Finally, Piper Sandler cut their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.88.

Skyward Specialty Insurance Group Trading Up 2.1 %

Shares of Skyward Specialty Insurance Group stock traded up $1.22 during mid-day trading on Friday, hitting $59.49. 248,669 shares of the stock were exchanged, compared to its average volume of 383,229. The company has a 50-day simple moving average of $52.26 and a 200 day simple moving average of $49.84. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group has a twelve month low of $33.42 and a twelve month high of $60.40.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider John A. Burkhart III sold 4,832 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the transaction, the insider now directly owns 17,655 shares in the company, valued at approximately $886,987.20. The trade was a 21.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total transaction of $50,620.00. Following the completion of the transaction, the director now directly owns 734 shares of the company's stock, valued at approximately $37,155.08. The trade was a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,132 shares of company stock worth $620,476 over the last three months. Company insiders own 8.01% of the company's stock.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its holdings in shares of Skyward Specialty Insurance Group by 6.2% during the first quarter. Cetera Investment Advisers now owns 9,641 shares of the company's stock worth $510,000 after buying an additional 566 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Skyward Specialty Insurance Group by 95.3% during the 1st quarter. Royce & Associates LP now owns 228,122 shares of the company's stock valued at $12,072,000 after acquiring an additional 111,323 shares in the last quarter. Wakefield Asset Management LLLP raised its holdings in Skyward Specialty Insurance Group by 6.0% in the 1st quarter. Wakefield Asset Management LLLP now owns 26,247 shares of the company's stock valued at $1,389,000 after buying an additional 1,496 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Skyward Specialty Insurance Group by 97.9% in the first quarter. Legato Capital Management LLC now owns 14,855 shares of the company's stock worth $786,000 after purchasing an additional 7,350 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Skyward Specialty Insurance Group by 1.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 121,719 shares of the company's stock worth $6,441,000 after purchasing an additional 2,055 shares during the period. Institutional investors 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.