Counterpoint Mutual Funds LLC Purchases Shares of 6,897 Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• Counterpoint Mutual Funds LLC purchased 6,897 shares of Skyward Specialty Insurance Group, Inc. valued at approximately $399,000 during the second quarter.
• The company's stock price opened at $47.19, with a market capitalization of $1.91 billion and a P/E ratio of 14.84.
• Skyward Specialty Insurance Group reported earnings of $0.89 per share in its last quarterly results, exceeding analyst expectations of $0.86.

Counterpoint Mutual Funds LLC acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,897 shares of the company's stock, valued at approximately $399,000.

Other institutional investors have also made changes to their positions in the company. LRI Investments LLC bought a new stake in Skyward Specialty Insurance Group in the first quarter valued at about $67,000. KBC Group NV acquired a new stake in Skyward Specialty Insurance Group during the first quarter valued at approximately $81,000. ORG Wealth Partners LLC grew its stake in shares of Skyward Specialty Insurance Group by 86.9% in the 1st quarter. ORG Wealth Partners LLC now owns 2,273 shares of the company's stock valued at $123,000 after purchasing an additional 1,057 shares during the period. State of Wyoming raised its holdings in shares of Skyward Specialty Insurance Group by 52.4% in the 1st quarter. State of Wyoming now owns 2,435 shares of the company's stock worth $129,000 after buying an additional 837 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter worth approximately $179,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Trading Down 0.1%

Skyward Specialty Insurance Group stock opened at $47.19 on Wednesday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 14.84 and a beta of 0.62. The business has a 50-day moving average of $49.38 and a 200-day moving average of $53.66. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.29 and a 1 year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. The business had revenue of $319.90 million for the quarter, compared to analyst estimates of $324.64 million. Skyward Specialty Insurance Group had a net margin of 10.53% and a return on equity of 16.40%. During the same quarter last year, the firm earned $0.80 EPS. Research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKWD has been the topic of several recent analyst reports. Wall Street Zen lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. BMO Capital Markets upped their target price on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the stock a "market perform" rating in a report on Monday, September 8th. Wolfe Research upgraded shares of Skyward Specialty Insurance Group to an "outperform" rating in a research report on Monday, September 15th. Piper Sandler reduced their price target on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.78.

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.

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