Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives $70.00 Consensus Price Target from Analysts

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $70.00.

A number of research analysts have commented on SKWD shares. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Piper Sandler reissued an “overweight” rating on shares of Skyward Specialty Insurance Group in a report on Monday, August 24th. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. TD Cowen upped their target price on shares of Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC acquired a new position in Skyward Specialty Insurance Group in the first quarter valued at approximately $37,000. Nykredit A S bought a new stake in shares of Skyward Specialty Insurance Group during the 2nd quarter valued at $37,000. Fifth Third Bancorp bought a new stake in shares of Skyward Specialty Insurance Group during the 1st quarter valued at $60,000. KBC Group NV raised its position in shares of Skyward Specialty Insurance Group by 73.2% during the 1st quarter. KBC Group NV now owns 1,780 shares of the company’s stock valued at $78,000 after acquiring an additional 752 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Skyward Specialty Insurance Group by 632.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,074 shares of the company’s stock valued at $91,000 after purchasing an additional 1,791 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Down 1.0%

Skyward Specialty Insurance Group stock opened at $57.28 on Monday. The business has a 50 day moving average price of $59.03 and a two-hundred day moving average price of $51.62. Skyward Specialty Insurance Group has a 12 month low of $40.60 and a 12 month high of $65.69. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 13.35 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The company had revenue of $489.53 million for the quarter, compared to analyst estimates of $706.59 million. On average, analysts expect that Skyward Specialty Insurance Group will post 4.98 earnings per share for the current fiscal year.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc is a specialty property and casualty insurance company headquartered in Houston, Texas. Through its insurance subsidiaries, the company provides customized coverage for businesses and specialty risks that may not be fully addressed by standard commercial insurance products.

Its offerings include commercial property and casualty insurance, professional liability, general liability, workers’ compensation, commercial automobile coverage, surety, accident and health insurance, and other specialty solutions.