Squarepoint Ops LLC Has $5.17 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Squarepoint Ops LLC boosted its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 116.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 89,436 shares of the company’s stock after buying an additional 48,148 shares during the period. Squarepoint Ops LLC’s holdings in Skyward Specialty Insurance Group were worth $5,169,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SKWD. Caitong International Asset Management Co. Ltd lifted its position in Skyward Specialty Insurance Group by 2,223.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after acquiring an additional 578 shares during the last quarter. LRI Investments LLC increased its stake in shares of Skyward Specialty Insurance Group by 39.4% during the second quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock worth $101,000 after purchasing an additional 496 shares during the period. State of Wyoming lifted its holdings in Skyward Specialty Insurance Group by 52.4% during the 1st quarter. State of Wyoming now owns 2,435 shares of the company’s stock worth $129,000 after purchasing an additional 837 shares during the last quarter. Quantbot Technologies LP bought a new stake in Skyward Specialty Insurance Group in the 2nd quarter valued at $134,000. Finally, Advisors Asset Management Inc. acquired a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at $144,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $48.80 on Tuesday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 14.40 and a beta of 0.55. The stock’s fifty day moving average is $47.51 and its 200 day moving average is $50.56. Skyward Specialty Insurance Group, Inc. has a 52 week low of $41.28 and a 52 week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. The firm had revenue of $382.53 million for the quarter, compared to the consensus estimate of $334.54 million. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SKWD. Zacks Research upgraded Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Janney Montgomery Scott assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, October 6th. They issued a “buy” rating and a $60.00 price target on the stock. Wolfe Research upgraded shares of Skyward Specialty Insurance Group to an “outperform” rating in a research note on Monday, September 15th. Citigroup reissued an “outperform” rating on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Finally, Citizens Jmp increased their target price on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

Skyward Specialty Insurance Group 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.