Skyward Specialty Insurance Group (SKWD) Scheduled to Post Quarterly Earnings on Wednesday

Skyward Specialty Insurance Group (NASDAQ:SKWD) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The company had revenue of $321.60 million for the quarter, compared to the consensus estimate of $320.34 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts expect Skyward Specialty Insurance Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Skyward Specialty Insurance Group Stock Down 0.0 %

Shares of NASDAQ SKWD opened at $36.52 on Wednesday. Skyward Specialty Insurance Group has a 52 week low of $20.81 and a 52 week high of $38.64. The firm’s fifty day moving average is $36.05 and its 200 day moving average is $32.99. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 16.30 and a beta of 0.45.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SKWD. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. BMO Capital Markets lifted their price target on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Wolfe Research began coverage on shares of Skyward Specialty Insurance Group in a report on Thursday, January 11th. They issued an “outperform” rating and a $39.00 price target on the stock. Truist Financial lifted their price target on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, JMP Securities lifted their price target on shares of Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $39.89.

Insider Activity

In other news, CFO Mark W. Haushill sold 35,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the sale, the chief financial officer now owns 261,688 shares in the company, valued at approximately $9,410,300.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Mark W. Haushill sold 35,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.96, for a total value of $1,258,600.00. Following the completion of the transaction, the chief financial officer now owns 261,688 shares of the company’s stock, valued at approximately $9,410,300.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew S. Robinson sold 13,407 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $35.63, for a total value of $477,691.41. Following the completion of the transaction, the chief executive officer now directly owns 61,126 shares of the company’s stock, valued at approximately $2,177,919.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,890 shares of company stock worth $3,533,839. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Company Profile

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.