Piper Sandler raised the firm’s price target on Skyward Specialty Insurance (SKWD) to $64 from $62 and keeps an Overweight rating on the shares. The firm notes Skyward announced that regulators and minority shareholders approved its acquisition of Apollo Group which it expects to close early in the first quarter of 2026. The company issued pro forma guidance for 2026 inclusive of Apollo that reflects upside to Piper’s previous earnings estimates.
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Read More on SKWD:
- Skyward Specialty Insurance price target raised to $80 from $75 at Citizens JMP
- Skyward Specialty Gets Approval for Apollo Acquisition
- Skyward Specialty Insurance sees FY26 adjusted EPS $4.80-$5.00, consensus $4.57
- Skyward Specialty Insurance receives approvals for Apollo acquisition
- Skyward Specialty Enters New $150M Credit Agreement