Brokerages Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Price Target at $64.27

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $64.2727.

SKWD has been the topic of several recent research reports. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Citigroup reiterated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Thursday, December 4th. BMO Capital Markets increased their target price 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. JMP Securities set a $80.00 price target on Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Finally, Raymond James Financial set a $66.00 price target on Skyward Specialty Insurance Group in a research report on Friday, December 5th.

Skyward Specialty Insurance Group Trading Down 1.8%

Shares of NASDAQ:SKWD opened at $48.80 on Friday. The firm has a market capitalization of $1.98 billion, a PE ratio of 14.40 and a beta of 0.55. Skyward Specialty Insurance Group has a 1-year low of $41.28 and a 1-year high of $65.05. The business’s 50 day moving average is $47.51 and its 200-day moving average is $50.56.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.85 by $0.20. The firm had revenue of $382.53 million during the quarter, compared to analysts’ expectations of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same period last year, the business earned $0.71 earnings per share. On average, sell-side analysts predict that Skyward Specialty Insurance Group will post 3.05 EPS for the current year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently added to or reduced their stakes in SKWD. Caitong International Asset Management Co. Ltd increased its holdings in shares of Skyward Specialty Insurance Group by 2,223.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after buying an additional 578 shares in the last quarter. Assetmark Inc. increased its holdings in Skyward Specialty Insurance Group by 1,210.5% during the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after purchasing an additional 690 shares in the last quarter. Quarry LP raised its position in Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after purchasing an additional 844 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Skyward Specialty Insurance Group by 840.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock worth $79,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 140.9% during the second quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after purchasing an additional 855 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

About Skyward Specialty Insurance Group

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.