Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $51.44.

Several brokerages have recently issued reports on SKWD. 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. Keefe, Bruyette & Woods upped their target price on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 target price for the company. Raymond James upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler reduced their target price on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th.

Skyward Specialty Insurance Group Stock Down 1.8 %

Shares of SKWD stock opened at $48.65 on Friday. Skyward Specialty Insurance Group has a 12-month low of $33.27 and a 12-month high of $55.62. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. The firm has a fifty day moving average of $47.40 and a 200-day moving average of $45.52.

Insider Transactions at Skyward Specialty Insurance Group

In related news, CFO Mark W. Haushill sold 1,630 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $49.06, for a total transaction of $79,967.80. Following the completion of the transaction, the chief financial officer now owns 176,971 shares in the company, valued at approximately $8,682,197.26. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 637 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the transaction, the insider now directly owns 10,792 shares in the company, valued at approximately $515,965.52. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,318 shares of company stock worth $2,098,866 in the last three months. Insiders own 8.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Capital World Investors acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $41,182,000. American Century Companies Inc. lifted its stake in shares of Skyward Specialty Insurance Group by 54.0% during the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock worth $79,744,000 after buying an additional 553,389 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $18,084,000. Swedbank AB acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $15,164,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Skyward Specialty Insurance Group by 37.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company’s stock worth $52,995,000 after buying an additional 283,749 shares during the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

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.