JMP Securities raised the firm’s price target on Skyward Specialty Insurance to $32 from $30 and keeps an Outperform rating on the shares following better than expected results for Q2. Pricing strength in excess of loss costs over the past several years, alongside conservative balance sheet management, has positioned the company for improving accident year margins in coming periods, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SKWD:
- Skyward Specialty Insurance reports Q2 adjusted EPS 42c , consensus 38c
- Skyward Specialty Insurance initiated with a Market Perform at BMO Capital
- Skyward Specialty Insurance price target raised to $30 from $28 at JMP Securities
- Skyward Specialty To Host Second Quarter 2023 Earnings Call Wednesday, August 9, 2023
- Skyward Specialty Selects Captives Expert Robert Nizzi To Lead Captives Division