Skyward Specialty Insurance Group (SKWD) to Release Quarterly Earnings on Tuesday

Skyward Specialty Insurance Group (NASDAQ:SKWD) will likely be issuing its quarterly 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. Parties interested in participating in the company’s conference call can do so using this link.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $48.82 on Tuesday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. The stock’s 50-day moving average is $47.97 and its 200-day moving average is $44.90. Skyward Specialty Insurance Group has a one year low of $30.73 and a one year high of $55.62.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 1,630 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $49.06, for a total transaction of $79,967.80. Following the completion of the transaction, the chief financial officer now owns 176,971 shares in the company, valued at approximately $8,682,197.26. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Charles Hays sold 25,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the sale, the director now owns 747,261 shares of the company’s stock, valued at approximately $40,352,094. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,318 shares of company stock worth $2,098,866. Company insiders own 8.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SKWD shares. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research note on Monday. Barclays increased 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 report on Monday, January 6th. Piper Sandler cut their price objective on 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. Keefe, Bruyette & Woods boosted their target price on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, TD Cowen began 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 target for the company. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.44.

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.