Long Position on SKWD @ $30.75 on 11/9/2023 (Momentum)

Skyward Specialty Insurance Group, Inc. (SKWD) is an insurance holding company. Stockwinners

The 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.

On November 6th, SKWD reported earnings of $0.65 per share on revenue of $239.22 million for the third quarter ended September 2023. The consensus earnings estimate was $0.35 per share on revenue of $212.14 million.

Shares of this recent IPO have formed a bullish "flag" following the earnings report and higher share prices are expected.

 

Entry Point: $30.75

Stop Loss: $29.00

Trading Range: $17.50 to $31.10

Tarfget Price: $34.00

 

 

Position closed on 12/12/2023 at price of $33.40 with a 8.62% gain in 33 days.

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