Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, six 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 a report on the stock in the last year is $51.44.

Several equities analysts have weighed in on the company. Raymond James increased their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Piper Sandler decreased their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price on the stock. Finally, Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, January 6th.

Skyward Specialty Insurance Group Stock Down 0.1 %

SKWD stock opened at $49.52 on Friday. Skyward Specialty Insurance Group has a twelve month low of $32.08 and a twelve month high of $55.62. The company has a market cap of $1.99 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.80 and a beta of 0.83. The business’s fifty day moving average is $47.47 and its 200-day moving average is $45.40.

Insider Buying and Selling

In other news, insider Thomas N. Schmitt sold 546 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the sale, the insider now directly owns 10,246 shares in the company, valued at $480,025.10. The trade was a 5.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sandip A. Kapadia sold 4,347 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $49.51, for a total value of $215,219.97. Following the transaction, the executive vice president now owns 12,508 shares of the company’s stock, valued at approximately $619,271.08. The trade was a 25.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,318 shares of company stock valued at $2,098,866. Company insiders own 8.01% of the company’s stock.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors have recently made changes to their positions in the business. Capital World Investors bought a new position in Skyward Specialty Insurance Group in the fourth quarter valued at $41,182,000. American Century Companies Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 54.0% in the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock valued at $79,744,000 after acquiring an additional 553,389 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at about $18,084,000. Swedbank AB bought a new stake in Skyward Specialty Insurance Group during the fourth quarter worth about $15,164,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Skyward Specialty Insurance Group by 37.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company’s stock valued at $52,995,000 after purchasing an additional 283,749 shares during the last quarter. 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.