Renaissance Technologies LLC Takes Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Renaissance Technologies LLC acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,200 shares of the company’s stock, valued at approximately $224,000.

A number of other large investors have also added to or reduced their stakes in SKWD. Ameritas Investment Partners Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 24.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock worth $111,000 after acquiring an additional 579 shares during the period. Arizona State Retirement System lifted its position in Skyward Specialty Insurance Group by 24.2% during the second quarter. Arizona State Retirement System now owns 9,516 shares of the company’s stock valued at $344,000 after purchasing an additional 1,854 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Skyward Specialty Insurance Group by 67.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock valued at $204,000 after purchasing an additional 2,270 shares in the last quarter. Diversified Trust Co lifted its position in shares of Skyward Specialty Insurance Group by 26.3% in the first quarter. Diversified Trust Co now owns 11,775 shares of the company’s stock valued at $441,000 after acquiring an additional 2,450 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 23.7% in the first quarter. American International Group Inc. now owns 14,684 shares of the company’s stock valued at $549,000 after acquiring an additional 2,818 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.87, for a total value of $60,946.11. Following the transaction, the director now owns 4,001 shares in the company, valued at $147,516.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.01% of the stock is owned by insiders.

Skyward Specialty Insurance Group Stock Up 2.9 %

Skyward Specialty Insurance Group stock opened at $44.60 on Friday. The firm has a market cap of $1.78 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.82 and a beta of 0.60. The business has a fifty day moving average of $39.98 and a two-hundred day moving average of $37.83. Skyward Specialty Insurance Group, Inc. has a twelve month low of $27.12 and a twelve month high of $44.86.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. The firm had revenue of $279.94 million during the quarter, compared to analysts’ expectations of $282.70 million. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.98 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. William Blair assumed coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating on the stock. Jefferies Financial Group boosted their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays started coverage on Skyward Specialty Insurance Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 price objective on the stock. Truist Financial reissued a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Finally, Oppenheimer began coverage on shares of Skyward Specialty Insurance Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.78.

Skyward Specialty Insurance Group Company 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.