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

Skyward Specialty Insurance Group (NASDAQ:SKWD) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $295.56 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD opened at $48.65 on Friday. The firm’s fifty day moving average price is $47.40 and its two-hundred day moving average price is $45.52. Skyward Specialty Insurance Group has a fifty-two week low of $33.27 and a fifty-two week high of $55.62. The stock has a market cap of $1.95 billion, a PE ratio of 14.83, a PEG ratio of 0.81 and a beta of 0.83.

Wall Street Analyst Weigh In

SKWD has been the topic of a number of analyst reports. TD Cowen initiated coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a “hold” rating and a $43.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Barclays upped their price objective on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Piper Sandler cut their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Raymond James increased their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.44.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director James Charles Hays sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the transaction, the director now directly owns 747,261 shares in the company, valued at $40,352,094. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas N. Schmitt sold 546 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the completion of the transaction, the insider now owns 10,246 shares in the company, valued at approximately $480,025.10. This trade represents a 5.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,318 shares of company stock worth $2,098,866. Insiders own 8.01% of the company’s stock.

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.