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

Skyward Specialty Insurance Group (NASDAQ:SKWD) is scheduled to 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. Investors that are interested in participating in the company’s conference call can do so using this link.

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

SKWD opened at $36.52 on Wednesday. Skyward Specialty Insurance Group has a one year low of $20.81 and a one year high of $38.64. The company’s 50 day simple moving average is $36.05 and its 200-day simple moving average is $32.99. The stock has a market capitalization of $1.46 billion, a P/E ratio of 16.30 and a beta of 0.45.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 13,407 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $35.63, for a total value of $477,691.41. Following the sale, the chief executive officer now directly owns 61,126 shares in the company, valued at $2,177,919.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Andrew S. Robinson sold 13,374 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $35.70, for a total transaction of $477,451.80. Following the sale, the chief executive officer now directly owns 96,883 shares in the company, valued at $3,458,723.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Robinson sold 13,407 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was 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 $2,177,919.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,890 shares of company stock worth $3,533,839. Company insiders own 8.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SKWD shares. BMO Capital Markets increased their price target on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. JMP Securities raised their price objective on shares of 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. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Piper Sandler raised their price objective on shares of 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. Finally, Truist Financial raised their price objective on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $39.89.

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.