Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) posted its earnings results on Thursday. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06, FiscalAI reports. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. The firm had revenue of $455.34 million for the quarter, compared to analyst estimates of $753.93 million.
Skyward Specialty Insurance Group Stock Up 2.6%
SKWD traded up $1.64 during trading on Thursday, reaching $63.86. 618,370 shares of the stock traded hands, compared to its average volume of 324,441. The stock has a market capitalization of $2.84 billion, a PE ratio of 14.89 and a beta of 0.32. The stock’s 50-day moving average is $57.94 and its 200 day moving average is $51.92. Skyward Specialty Insurance Group has a 12 month low of $40.60 and a 12 month high of $65.69.
Wall Street Analysts Forecast Growth
SKWD has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Sunday, October 18th. TD Cowen increased their price objective on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Piper Sandler reaffirmed an “overweight” rating on shares of Skyward Specialty Insurance Group in a research report on Monday, August 24th. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $71.11.
Check Out Our Latest Research Report on Skyward Specialty Insurance Group
Skyward Specialty Insurance Group Company Profile
Skyward Specialty Insurance Group, Inc is a specialty property and casualty insurance company headquartered in Houston, Texas. Through its insurance subsidiaries, the company provides customized coverage for businesses and organizations that may be underserved by the standard insurance market.
Its offerings include excess and surplus lines insurance, professional liability, healthcare liability, workers’ compensation, surety, commercial property and casualty coverage, specialty programs, and accident and health products.
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