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

Skyward Specialty Insurance Group (NASDAQ:SKWD) will be posting its quarterly earnings results 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. Investors interested in listening 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, topping the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. The business had revenue of $279.94 million for the quarter, compared to analyst estimates of $282.70 million. During the same quarter last year, the firm earned $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 Stock Performance

Shares of NASDAQ:SKWD opened at $45.51 on Monday. Skyward Specialty Insurance Group has a 52 week low of $27.56 and a 52 week high of $48.40. The company has a 50 day moving average price of $41.83 and a two-hundred day moving average price of $38.44. The company has a market capitalization of $1.82 billion, a PE ratio of 16.73, a PEG ratio of 0.86 and a beta of 0.60.

Insider Buying and Selling

In other news, Director Katharine Terry sold 1,653 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $36.87, for a total transaction of $60,946.11. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.01% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on SKWD shares. Oppenheimer assumed coverage on shares of Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods lifted 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 note on Monday, August 12th. Truist Financial reissued a “buy” rating and set a $49.00 price target (up from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 target price on shares of Skyward Specialty Insurance Group in a research report on Tuesday, October 15th. Finally, Piper Sandler increased their price target on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.