Skyward Specialty Insurance Group (SKWD) to Release Quarterly Earnings on Tuesday

Skyward Specialty Insurance Group (NASDAQ:SKWD) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Skyward Specialty Insurance Group to post earnings of $0.62 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. The company had revenue of $279.94 million during the quarter, compared to the consensus estimate of $282.70 million. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. During the same quarter in the prior year, the firm posted $0.42 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 NASDAQ:SKWD opened at $46.67 on Tuesday. Skyward Specialty Insurance Group has a 1 year low of $27.12 and a 1 year high of $46.72. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. The company’s 50 day simple moving average is $41.06 and its 200 day simple moving average is $38.18.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $36.87, for a total value of $60,946.11. Following the transaction, the director now directly owns 4,001 shares of the company’s stock, valued at approximately $147,516.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SKWD shares. William Blair initiated coverage on Skyward Specialty Insurance Group in a report on Monday, August 19th. They set an “outperform” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Piper Sandler raised their price target on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Tuesday, October 15th. Finally, Barclays started coverage on shares of Skyward Specialty Insurance Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 target price on the stock. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.78.

About Skyward Specialty Insurance Group

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.