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

Skyward Specialty Insurance Group (NASDAQ:SKWD) will 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 that wish to register for the company’s conference call can do so using this link.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. The firm had revenue of $279.94 million for the quarter, compared to analysts’ expectations of $282.70 million. During the same period in the prior year, the business posted $0.42 earnings per share. 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 Trading Down 5.2 %

SKWD stock opened at $45.51 on Monday. The firm has a 50 day moving average of $41.83 and a 200-day moving average of $38.44. The firm has a market capitalization of $1.82 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. Skyward Specialty Insurance Group has a 12 month low of $27.56 and a 12 month high of $48.40.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Katharine Terry sold 1,653 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.87, for a total value of $60,946.11. Following the completion of the transaction, the director now owns 4,001 shares of the company’s stock, valued at $147,516.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group lifted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Barclays assumed coverage on Skyward Specialty Insurance Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 price objective on the stock. Finally, Truist Financial restated a “buy” rating and set a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to 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.