Skyward Specialty Insurance Group (NASDAQ:SKWD) Given New $57.00 Price Target at Piper Sandler

Skyward Specialty Insurance Group (NASDAQ:SKWD) had its target price dropped by investment analysts at Piper Sandler from $58.00 to $57.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 18.97% from the company’s current price.

Several other analysts have also recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. TD Cowen started coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 price target for the company. Barclays increased 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. Raymond James boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Finally, JMP Securities increased their price target on shares of 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. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.22.

Skyward Specialty Insurance Group Stock Up 2.5 %

SKWD opened at $47.91 on Thursday. The business’s fifty day simple moving average is $48.27 and its 200 day simple moving average is $44.62. Skyward Specialty Insurance Group has a 52 week low of $29.49 and a 52 week high of $55.62. The firm has a market cap of $1.92 billion, a P/E ratio of 14.61, a PEG ratio of 0.73 and a beta of 0.84.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 637 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total transaction of $30,454.97. Following the transaction, the insider now directly owns 10,792 shares of the company’s stock, valued at approximately $515,965.52. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sandip A. Kapadia sold 908 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.98, for a total transaction of $42,657.84. Following the completion of the transaction, the executive vice president now owns 10,371 shares of the company’s stock, valued at $487,229.58. This trade represents a 8.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,318 shares of company stock valued at $2,098,866 over the last three months. 8.01% of the stock is owned by company insiders.

Institutional Trading of Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI acquired a new stake in Skyward Specialty Insurance Group during the 3rd quarter valued at approximately $41,000. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $61,000. Quarry LP grew its stake in Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after purchasing an additional 879 shares in the last quarter. CWM LLC increased its holdings in Skyward Specialty Insurance Group by 3,103.1% in the third quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after buying an additional 4,003 shares during the last quarter. Finally, Pinnacle Financial Partners Inc acquired a new stake in Skyward Specialty Insurance Group during the fourth quarter valued at approximately $220,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.