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

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $46.89.

A number of equities analysts have commented on SKWD shares. Keefe, Bruyette & Woods lifted their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. JMP Securities boosted their price objective 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. Raymond James raised their price objective 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. Barclays boosted their target price on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, William Blair began coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group in the 3rd quarter valued at about $41,000. Amalgamated Bank boosted its holdings in shares of Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after purchasing an additional 279 shares during the period. Ameritas Investment Partners Inc. grew its stake in Skyward Specialty Insurance Group by 24.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock worth $111,000 after purchasing an additional 579 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Skyward Specialty Insurance Group during the 2nd quarter worth $160,000. Finally, CWM LLC raised its position in Skyward Specialty Insurance Group by 3,103.1% during 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 in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 0.4 %

Shares of Skyward Specialty Insurance Group stock opened at $49.73 on Friday. Skyward Specialty Insurance Group has a twelve month low of $29.40 and a twelve month high of $50.35. The business has a 50-day moving average price of $43.70 and a 200-day moving average price of $39.46. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.91 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts expect that Skyward Specialty Insurance Group will post 3.06 EPS for the current fiscal year.

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.