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

Skyward Specialty Insurance Group (NASDAQ:SKWD) will announce 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 interested in participating in the company’s conference call can do so using this link.

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

NASDAQ SKWD opened at $33.46 on Monday. Skyward Specialty Insurance Group has a twelve month low of $20.89 and a twelve month high of $38.64. The stock has a market capitalization of $1.34 billion, a PE ratio of 14.94 and a beta of 0.45. The stock has a 50-day simple moving average of $36.17 and a 200 day simple moving average of $33.13.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SKWD shares. Wolfe Research started coverage on Skyward Specialty Insurance Group in a report on Thursday, January 11th. They issued an “outperform” rating and a $39.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Piper Sandler lifted their price target on Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research note on Monday, April 15th. Finally, BMO Capital Markets raised their price objective on 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. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $39.89.

Insider Buying and Selling

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