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

Skyward Specialty Insurance Group (NASDAQ:SKWD) is expected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.73 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 Trading Up 0.6 %

Shares of Skyward Specialty Insurance Group stock opened at $48.82 on Tuesday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group has a 1 year low of $30.73 and a 1 year high of $55.62. The company’s fifty day simple moving average is $47.97 and its 200-day simple moving average is $44.90.

Analyst Upgrades and Downgrades

SKWD has been the topic of several research reports. Barclays boosted their price target on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a research note on Monday. Piper Sandler decreased their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. TD Cowen started coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 price objective for the company. Finally, Raymond James lifted their price objective 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 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.44.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 637 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $47.81, for a total value of $30,454.97. Following the completion of the transaction, the insider now directly owns 10,792 shares of the company’s stock, valued at approximately $515,965.52. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sandip A. Kapadia sold 4,347 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $49.51, for a total transaction of $215,219.97. Following the sale, the executive vice president now directly owns 12,508 shares in the company, valued at $619,271.08. This trade represents a 25.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,318 shares of company stock valued at $2,098,866 in the last three months. Corporate 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.