Analysts Set Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Target Price at $67.82

Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) have been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $67.8182.

SKWD has been the subject of a number of research reports. Raymond James Financial set a $66.00 price target on shares of Skyward Specialty Insurance Group in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a report on Wednesday, January 28th. Citizens Jmp upped their target price on Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, December 4th. Susquehanna set a $80.00 price target on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Finally, Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th.

Skyward Specialty Insurance Group Stock Up 0.5%

NASDAQ:SKWD opened at $44.03 on Friday. The firm’s fifty day simple moving average is $47.70 and its 200-day simple moving average is $48.03. The stock has a market cap of $1.78 billion, a PE ratio of 12.99 and a beta of 0.55. Skyward Specialty Insurance Group has a fifty-two week low of $43.35 and a fifty-two week high of $65.05.

Insider Activity

In other news, insider Sandip A. Kapadia sold 5,030 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total value of $251,550.30. Following the sale, the insider directly owned 8,059 shares in the company, valued at $403,030.59. This represents a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently bought and sold shares of the stock. Balyasny Asset Management L.P. raised its holdings in shares of Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after acquiring an additional 762,079 shares during the last quarter. Reinhart Partners LLC. increased its position in Skyward Specialty Insurance Group by 68.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after purchasing an additional 654,500 shares in the last quarter. Invesco Ltd. raised its stake in Skyward Specialty Insurance Group by 46.3% in the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock valued at $103,452,000 after purchasing an additional 566,902 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Skyward Specialty Insurance Group in the 3rd quarter valued at about $24,234,000. Finally, Aberdeen Group plc purchased a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at about $19,319,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.