Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Raised to $60.00 at Keefe, Bruyette & Woods

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its price objective lifted by Keefe, Bruyette & Woods from $59.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Piper Sandler dropped their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays boosted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a “hold” rating and a $43.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $50.67.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD opened at $49.34 on Thursday. Skyward Specialty Insurance Group has a 52-week low of $29.76 and a 52-week high of $55.62. The company has a fifty day moving average of $48.18 and a 200-day moving average of $44.65. The company has a market capitalization of $1.98 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.73 and a beta of 0.84.

Insider Activity

In other news, CEO Andrew S. Robinson sold 6,010 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total transaction of $296,713.70. Following the transaction, the chief executive officer now directly owns 77,144 shares of the company’s stock, valued at approximately $3,808,599.28. The trade was a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Charles Hays sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now directly owns 747,261 shares of the company’s stock, valued at $40,352,094. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,318 shares of company stock valued at $2,098,866. Insiders own 8.01% of the company’s stock.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently modified their holdings of SKWD. Arcadia Investment Management Corp MI bought a new position in Skyward Specialty Insurance Group in the third quarter worth about $41,000. Quarry LP raised its position in shares of Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after acquiring an additional 879 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at approximately $61,000. CWM LLC lifted its stake in shares of Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after purchasing an additional 4,003 shares during the period. Finally, Pinnacle Financial Partners Inc bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $220,000. Institutional investors own 94.83% of the company’s stock.

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.