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

Skyward Specialty Insurance Group (NASDAQ:SKWD) is set to announce its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $264.97 million for the quarter, compared to analysts’ expectations of $251.66 million. Skyward Specialty Insurance Group had a net margin of 11.16% and a return on equity of 15.98%. 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 Trading Up 1.6 %

NASDAQ:SKWD opened at $39.29 on Friday. The stock has a market capitalization of $1.57 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The firm’s 50 day moving average is $36.82 and its 200 day moving average is $35.69. Skyward Specialty Insurance Group has a 12 month low of $22.97 and a 12 month high of $40.38.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SKWD shares. Oppenheimer started coverage on shares of Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Truist Financial raised their price target on Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, May 3rd. JMP Securities raised their price target on Skyward Specialty Insurance Group from $45.00 to $47.00 and gave the company a “market outperform” rating in a report on Monday, July 1st. Finally, Keefe, Bruyette & Woods raised their price target on Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.75.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, major shareholder Corp Westaim sold 5,060,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $36.50, for a total value of $184,690,000.00. Following the transaction, the insider now directly owns 1,919,639 shares of the company’s stock, valued at approximately $70,066,823.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew S. Robinson sold 23,533 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $37.21, for a total value of $875,662.93. Following the sale, the chief executive officer now directly owns 83,154 shares in the company, valued at approximately $3,094,160.34. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Corp Westaim sold 5,060,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $36.50, for a total value of $184,690,000.00. Following the completion of the sale, the insider now owns 1,919,639 shares in the company, valued at $70,066,823.50. The disclosure for this sale can be found here. Insiders have sold 5,095,277 shares of company stock valued at $186,000,945 in the last ninety days. Company insiders own 8.01% of the company’s stock.

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.