Streetbeat News

SKWD

Skyward Specialty Insurance Group, Inc.

https://www.skywardinsurance.com

Industry

Insurance - Property & Casualty

Skyward Specialty Insurance Group, Inc., an insurance holding company, engages in underwriting commercial property and casualty insurance coverages in the United States. The company offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products. Skyward Specialty Insurance Group, Inc. was incorporated in 2006 and is headquartered in Houston, Texas.

Open

48.90

Mkt cap

2B

Volume

320K

High

49.91

P/E Ratio

17.25

52-wk high

55.62

Low

48.90

Div yield

N/A

52-wk low

33.27

Skyward Specialty (NASDAQ:SKWD) reported Q4 2023 adjusted EPS of $0.61, surpassing the $0.57 estimate, marking a 69.44% increase from last year. However, its sales of $224.93M fell short of the $245.61M estimate, despite a 32.20% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:48 pm

In Tuesday's intraday session, insurance stocks saw significant movements. Trupanion, Skyward Specialty, Marpai, Fanhua, Ambac Financial Group, and Tiptree were among the gainers, with Trupanion leading by a 7.88% increase. Conversely, Cheche Group, Maiden Holdings, SelectQuote, Huize Holding, Crawford, and Investors Title were the losers, with Cheche Group experiencing the largest decline at 9.06%. These movements were influenced by factors such as recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:40 pm

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Skyward Specialty (NASDAQ:SKWD) is scheduled to release its quarterly earnings report on February 20, 2024, with an estimated EPS of $0.57. Historically, the company has surpassed EPS estimates, leading to significant share price increases. Shares are currently trading at $33.33, reflecting a 79.4% increase over the last 52 weeks. Investors are advised to pay attention to both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:02 pm

In Friday's intraday session, insurance stocks saw movement with Reliance Global Group, Kemper, Hanover Insurance Gr, Arch Capital Group, Cincinnati Financial, and Abacus Life experiencing gains, while Huize Holding, Tian Ruixiang Holdings, FG Finl Gr, Maiden Hldgs, Skyward Specialty, and ICC Holdings faced losses. The changes in stock prices were accompanied by trading volumes that were in line with their respective average full-day volumes over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:40 pm

JMP Securities analyst Matthew Carletti has reaffirmed a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $35 to $38.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:22 pm

In Thursday's intraday session, insurance stocks saw notable movements. Huize Holding (HUIZ) rose 5.82%, Donegal Gr (DGICB) increased by 5.08%, and Abacus Life (ABL) went up by 4.13%. Conifer Holdings (CNFR), Tian Ruixiang Holdings (TIRX), and Skyward Specialty (SKWD) also saw gains. On the downside, Reliance Global Group (RELI) dropped by 5.39%, Lemonade (LMND) fell 5.21%, and SelectQuote (SLQT) declined by 4.15%. Maiden Hldgs (MHLD), Selective Insurance Gr (SIGIP), and eHealth (EHTH) experienced losses as well. All mentioned stocks traded at 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:40 pm

Skyward Specialty (NASDAQ:SKWD) received mixed analyst ratings with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is $37.0, up from $32.80, with a high of $40.00 and a low of $31.00. Analysts from Wolfe Research, BMO Capital, Raymond James, Piper Sandler, and Truist Securities have raised their price targets, reflecting positive market dynamics and company performance. Skyward Specialty's financials show a 47.71% revenue growth, a net margin of 9.08%, an ROE of 4.1%, an ROA of 0.77%, and a low debt-to-equity ratio of 0.24.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 4:00 pm

Wolfe Research analyst Bill Carcache has initiated coverage on Skyward Specialty (NASDAQ:SKWD) with an Outperform rating and set a price target of $39.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:48 pm

Skyward Specialty Insurance has adopted Milliman Datalytics-Defense as its platform for processing defense cost invoices. The platform uses data mining algorithms to analyze attorney billing practices, providing insights into costs and defense strategies. It offers real-time intelligence, responsive reporting dashboards, and a predictive attorney scoring model to help insurers manage legal defense spending more effectively.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:26 pm

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