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

Skyward Specialty Insurance Group (NASDAQ:SKWD) is scheduled to be announcing its earnings results 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 wish to listen to the company’s conference call can do so using this link.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $320.34 million. Skyward Specialty Insurance Group had a return on equity of 14.31% and a net margin of 9.56%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. 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 Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $34.54 on Tuesday. The business’s 50 day simple moving average is $36.17 and its two-hundred day simple moving average is $33.17. The stock has a market capitalization of $1.38 billion, a P/E ratio of 15.42 and a beta of 0.45. Skyward Specialty Insurance Group has a one year low of $20.89 and a one year high of $38.64.

Insider Activity at Skyward Specialty Insurance Group

In related news, CFO Mark W. Haushill sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.58, for a total transaction of $889,500.00. Following the sale, the chief financial officer now directly owns 236,688 shares in the company, valued at $8,421,359.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew S. Robinson sold 12,109 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $35.56, for a total transaction of $430,596.04. Following the sale, the chief executive officer now directly owns 74,533 shares in the company, valued at $2,650,393.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark W. Haushill sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.58, for a total value of $889,500.00. Following the sale, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The disclosure for this sale can be found here. Insiders have sold 98,890 shares of company stock worth $3,533,839 over the last ninety days. 8.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.