Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price target boosted by Keefe, Bruyette & Woods from $72.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 18.11% from the stock’s current price.

A number of other analysts have also recently weighed in on SKWD. Truist Financial upped their price target on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Piper Sandler boosted their target price on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Finally, Barclays increased their target price on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Skyward Specialty Insurance Group Stock Down 0.3%

Skyward Specialty Insurance Group stock traded down $0.17 on Monday, hitting $63.50. The company’s stock had a trading volume of 86,898 shares, compared to its average volume of 501,614. Skyward Specialty Insurance Group has a one year low of $40.60 and a one year high of $65.69. The firm has a market cap of $2.57 billion, a P/E ratio of 14.77 and a beta of 0.34. The company has a fifty day moving average price of $56.04 and a 200-day moving average price of $49.12.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.13. The company had revenue of $489.53 million for the quarter, compared to analyst estimates of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 19.61% and a net margin of 10.84%. Analysts anticipate that Skyward Specialty Insurance Group will post 4.91 EPS for the current year.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski acquired 2,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the purchase, the director owned 15,977 shares in the company, valued at $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider owned 10,353 shares in the company, valued at $531,315.96. The trade was a 44.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 8.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SKWD. The Manufacturers Life Insurance Company boosted its position in shares of Skyward Specialty Insurance Group by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock worth $774,000 after purchasing an additional 228 shares in the last quarter. CWM LLC grew its holdings in shares of Skyward Specialty Insurance Group by 19.4% in the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after buying an additional 327 shares during the period. California State Teachers Retirement System increased its position in shares of Skyward Specialty Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after buying an additional 341 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Skyward Specialty Insurance Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after buying an additional 423 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter worth $27,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.