Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $71.11.
Several equities research analysts have commented on SKWD shares. TD Cowen upped their price objective on shares of Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods lifted their target price on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Piper Sandler reiterated an “overweight” rating on shares of Skyward Specialty Insurance Group in a research note on Monday, August 24th. Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th.
Get Our Latest Report on Skyward Specialty Insurance Group
Skyward Specialty Insurance Group Price Performance
Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $706.59 million. As a group, equities analysts expect that Skyward Specialty Insurance Group will post 5.00 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth approximately $214,576,000. Wasatch Advisors LP lifted its stake in Skyward Specialty Insurance Group by 198.5% in the 2nd quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock worth $55,694,000 after purchasing an additional 634,708 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $21,142,000. Sei Investments Co. boosted its holdings in Skyward Specialty Insurance Group by 397.5% in the 1st quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock valued at $18,926,000 after purchasing an additional 346,202 shares during the period. Finally, Langdon Equity Partners bought a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $16,965,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
About Skyward Specialty Insurance Group
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 other commercial policyholders, focusing on risks that may require specialized underwriting and claims expertise.
Its products and programs include commercial property and casualty insurance, workers’ compensation, commercial auto, general and professional liability, excess and surplus lines, healthcare-related coverage, surety, and other specialty insurance solutions.
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