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

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) is expected to be releasing its earnings data after the market closes on Tuesday, February 25th. Analysts expect Skyward Specialty Insurance Group to post earnings of $0.74 per share and revenue of $292.56 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Skyward Specialty Insurance Group Price Performance

SKWD stock traded down $0.96 during trading on Friday, hitting $49.86. The stock had a trading volume of 327,003 shares, compared to its average volume of 390,990. Skyward Specialty Insurance Group has a twelve month low of $32.08 and a twelve month high of $55.62. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.20, a PEG ratio of 0.81 and a beta of 0.83. The company's 50-day moving average price is $47.59 and its two-hundred day moving average price is $45.12.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SKWD. Piper Sandler lowered their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. TD Cowen started coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 price objective on the stock. JMP Securities restated a "market outperform" rating and set a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday. Finally, Barclays boosted their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of $51.44.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 637 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the transaction, the insider now directly owns 10,792 shares in the company, valued at approximately $515,965.52. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Charles Hays sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. Following the completion of the transaction, the director now owns 747,261 shares in the company, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,318 shares of company stock worth $2,098,866. 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.