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

Skyward Specialty Insurance Group (NASDAQ:SKWD) will be issuing its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.62 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 released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $282.70 million. During the same period last year, the business 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

NASDAQ SKWD opened at $45.51 on Friday. Skyward Specialty Insurance Group has a 1-year low of $27.56 and a 1-year high of $48.40. The company has a market capitalization of $1.82 billion, a P/E ratio of 15.38, a PEG ratio of 0.86 and a beta of 0.60. The business has a 50 day moving average price of $41.83 and a 200 day moving average price of $38.42.

Insider Activity

In other news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction 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 completion of the sale, the director now owns 4,001 shares of the company’s stock, valued at $147,516.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.01% of the company’s stock.

Wall Street Analyst Weigh In

SKWD has been the subject of several research analyst reports. Piper Sandler raised their price objective on 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. Oppenheimer initiated coverage on Skyward Specialty Insurance Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Truist Financial reissued a “buy” rating and set a $49.00 price target (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. Barclays initiated 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 target for the company. Finally, JMP Securities reissued a “market outperform” rating and set a $50.00 price target on shares of Skyward Specialty Insurance Group in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.