Skyward Specialty Insurance Group (SKWD) Set to Announce Quarterly Earnings on Wednesday (2024)

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.05. The firm had revenue of $321.60 million during the quarter, compared to analyst estimates of $320.34 million. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The business's revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 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 Stock Performance

Shares of NASDAQ:SKWD opened at $36.52 on Wednesday. The firm's 50 day simple moving average is $36.05 and its 200-day simple moving average is $32.99. Skyward Specialty Insurance Group has a one year low of $20.81 and a one year high of $38.64. The firm has a market cap of $1.46 billion, a PE ratio of 16.30 and a beta of 0.45.

Analyst Ratings Changes

SKWD has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Skyward Specialty Insurance Group in a research report on Thursday, January 11th. They set an "outperform" rating and a $39.00 target price for the company. BMO Capital Markets lifted their price objective on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, February 26th. JMP Securities increased their target price on shares of Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the stock a "market outperform" rating in a report on Monday, April 15th. Keefe, Bruyette & Woods boosted their price target on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Finally, Truist Financial increased 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 research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $39.89.

Check Out Our Latest Research Report on Skyward Specialty Insurance Group

Insider Buying and Selling

In other news, CFO Mark W. Haushill sold 35,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the transaction, the chief financial officer now directly owns 261,688 shares of the company's stock, valued at approximately $9,410,300.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Andrew S. Robinson sold 13,374 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 owns 96,883 shares of the company's stock, valued at approximately $3,458,723.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark W. Haushill sold 35,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the sale, the chief financial officer now owns 261,688 shares of the company's stock, valued at approximately $9,410,300.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,890 shares of company stock worth $3,533,839. 8.01% of the stock is owned by company insiders.

About Skyward Specialty Insurance Group

(Get Free Report)

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.

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