Shares of Skyward Specialized Insurance Coverage Group, Inc. ( NASDAQ: SKWD— Shares of Skyward Specialized Insurance Coverage Group, Inc. ( NASDAQ: SKWD— Secure Free Report) were down 3.8% throughout mid-day trading on Thursday. The business traded as low as $32.29 and last traded at $32.49. Around 264,387 shares altered hands throughout trading, a decrease of 18% from the typical everyday volume of 322,815 shares. The stock had actually formerly closed at $33.78.
Wall Street Expert Weigh In
A variety of research study experts have actually released reports on SKWD shares. Jefferies Financial Group began protection on Skyward Specialized Insurance Coverage Group in a research study report on Tuesday. They set a “purchase” ranking and a $40.00 cost target for the business. JMP Securities enhanced their cost target on Skyward Specialized Insurance Coverage Group from $32.00 to $33.00 and provided the stock a “market outperform” ranking in a research study report on Friday, October 13th. Piper Sandler enhanced their cost target on Skyward Specialized Insurance Coverage Group from $34.00 to $36.00 and provided the stock an “obese” ranking in a research study report on Tuesday, November 21st. Raymond James enhanced their cost target on Skyward Specialized Insurance Coverage Group from $36.00 to $40.00 and provided the stock a “strong-buy” ranking in a research study report on Tuesday. Lastly, Truist Financial enhanced their cost goal on Skyward Specialized Insurance Coverage Group from $35.00 to $40.00 and provided the stock a “purchase” ranking in a research study note on Wednesday, November 8th. One financial investment expert has actually ranked the stock with a hold ranking, 6 have actually offered a buy ranking and one has actually offered a strong buy ranking to the business. According to information from MarketBeat.com, Skyward Specialized Insurance coverage Group currently has a typical ranking of “Buy” and a typical cost target of $33.63.
View Our Most Current Report on SKWD
Skyward Specialized Insurance Coverage Group Stock Up 2.8 %
Business has a 50-day moving typical cost of $30.40 and a 200-day moving typical cost of $26.87. The business has a market capitalization of $1.26 billion and a price-to-earnings ratio of 15.65.
Skyward Specialized Insurance Coverage Group ( NASDAQ: SKWD— Secure Free Report) last revealed its incomes outcomes on Monday, November sixth. The business reported $0.65 incomes per share (EPS) for the quarter, topping experts’ agreement price quotes of $0.35 by $0.30. The business had earnings of $239.22 million for the quarter, compared to expert price quotes of $210.74 million. Skyward Specialized Insurance Coverage Group had a return on equity of 13.48% and a net margin of 9.17%. As a group, sell-side experts forecast that Skyward Specialized Insurance Coverage Group, Inc. will publish 2.06 EPS for the existing year.
Expert Deals at Skyward Specialized Insurance Coverage Group
In other news, significant investor Corp Westaim offered 3,600,000 shares of business’s stock in a deal on Monday, November 20th. The stock was cost a typical cost of $30.50, for an overall deal of $109,800,000.00. Following the sale, the expert now straight owns 6,979,639 shares of the business’s stock, valued at $212,878,989.50. The sale was revealed in a legal filing with the Securities & & Exchange Commission, which can be accessed through the SEC site 9.46% of the stock is owned by experts.
Institutional Inflows and Outflows
A number of big financiers have actually just recently purchased and offered shares of SKWD. Tower Research Study Capital LLC TRC raised its position in Skyward Specialized Insurance Coverage Group by 390.8% throughout the 2nd quarter. Tower Research Study Capital LLC TRC now owns 2,032 shares of the business’s stock valued at $52,000 after purchasing an extra 1,618 shares throughout the duration. Amalgamated Bank grew its stake in Skyward Specialized Insurance Coverage Group by 90.9% in the 3rd quarter. Amalgamated Bank now owns 2,300 shares of the business’s stock valued at $63,000 after buying an extra 1,095 shares in the last quarter. New York City State Common Retirement Fund bought a brand-new position in Skyward Specialized Insurance Coverage Group in the very first quarter valued at about $81,000. California State Educators Retirement System bought a brand-new position in Skyward Specialized Insurance Coverage Group in the very first quarter valued at about $84,000. Lastly, Citigroup Inc. bought a brand-new position in Skyward Specialized Insurance Coverage Group in the 2nd quarter valued at about $87,000. 41.33% of the stock is owned by institutional financiers and hedge funds.
About Skyward Specialized Insurance Coverage Group
Skyward Specialized Insurance Coverage Group, Inc, an insurance coverage holding business, finances industrial home and casualty insurance coverage items in the United States. It provides basic liability, excess liability, expert liability, industrial vehicle, group mishap and health, home, surety, and employees’ settlement insurance coverage items.
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