Skyward Specialty Insurance Group (NASDAQ:SKWD) Price Target Raised to $75.00 at Citizens Jmp

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its target price upped by Citizens Jmp from $70.00 to $75.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Piper Sandler cut their target price on Skyward Specialty Insurance Group from $69.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. Wolfe Research raised Skyward Specialty Insurance Group to an “outperform” rating in a research note on Monday, September 15th. BMO Capital Markets raised their target price on Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, September 8th. Finally, Janney Montgomery Scott initiated coverage on Skyward Specialty Insurance Group in a research note on Monday, October 6th. They issued a “buy” rating and a $60.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.45.

Skyward Specialty Insurance Group Stock Up 1.4%

Shares of SKWD opened at $45.64 on Thursday. Skyward Specialty Insurance Group has a 52-week low of $41.28 and a 52-week high of $65.05. The company has a market capitalization of $1.85 billion, a PE ratio of 13.46 and a beta of 0.58. The stock has a fifty day simple moving average of $47.63 and a two-hundred day simple moving average of $52.95.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. Skyward Specialty Insurance Group had a return on equity of 17.88% and a net margin of 10.57%.The business had revenue of $606.51 million during the quarter, compared to the consensus estimate of $334.54 million. During the same period last year, the company earned $0.71 EPS. As a group, equities analysts anticipate that Skyward Specialty Insurance Group will post 3.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently modified their holdings of SKWD. Janney Montgomery Scott LLC purchased a new position in shares of Skyward Specialty Insurance Group during the 1st quarter worth $544,000. KBC Group NV purchased a new position in Skyward Specialty Insurance Group during the 1st quarter valued at about $81,000. New York State Teachers Retirement System purchased a new position in Skyward Specialty Insurance Group during the 1st quarter valued at about $179,000. Principal Financial Group Inc. boosted its holdings in Skyward Specialty Insurance Group by 17.2% during the 1st quarter. Principal Financial Group Inc. now owns 92,798 shares of the company’s stock valued at $4,911,000 after acquiring an additional 13,635 shares during the period. Finally, Moody Aldrich Partners LLC boosted its holdings in Skyward Specialty Insurance Group by 21.3% during the 1st quarter. Moody Aldrich Partners LLC now owns 182,584 shares of the company’s stock valued at $9,662,000 after acquiring an additional 32,077 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Company Profile

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.