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

Skyward Specialty Insurance Group (NASDAQ:SKWD) is anticipated to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Skyward Specialty Insurance Group to post earnings of $0.77 per share and revenue of $295.56 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $48.65 on Monday. The company has a 50-day moving average of $47.40 and a 200-day moving average of $45.59. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group has a 52 week low of $33.27 and a 52 week high of $55.62.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SKWD. JMP Securities reissued a “market outperform” rating and set a $60.00 price target on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Piper Sandler cut their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Raymond James lifted their price target on shares of 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. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a “hold” rating and a $43.00 price target for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.44.

Insider Activity

In other news, EVP Sandip A. Kapadia sold 908 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $46.98, for a total value of $42,657.84. Following the completion of the transaction, the executive vice president now owns 10,371 shares in the company, valued at $487,229.58. This represents a 8.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas N. Schmitt sold 546 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $46.85, for a total transaction of $25,580.10. Following the completion of the transaction, the insider now owns 10,246 shares of the company’s stock, valued at $480,025.10. This trade represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,318 shares of company stock worth $2,098,866 over the last quarter. 8.01% of the stock is currently owned by company insiders.

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.