Pinnacle Financial Partners Inc Invests $220,000 in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Pinnacle Financial Partners Inc purchased a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,357 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKWD. Arcadia Investment Management Corp MI bought a new stake in Skyward Specialty Insurance Group during the third quarter worth $41,000. Quarry LP raised its position in Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after acquiring an additional 879 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group during the fourth quarter worth $61,000. Kirr Marbach & Co. LLC IN bought a new stake in Skyward Specialty Insurance Group during the fourth quarter worth $252,000. Finally, FORA Capital LLC bought a new position in shares of Skyward Specialty Insurance Group in the third quarter valued at about $256,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SKWD shares. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Raymond James upped their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their price target on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. JMP Securities restated a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Finally, Piper Sandler reduced their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.44.

Insider Transactions at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 1,630 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.06, for a total value of $79,967.80. Following the completion of the transaction, the chief financial officer now owns 176,971 shares of the company’s stock, valued at approximately $8,682,197.26. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Charles Hays sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now owns 747,261 shares of the company’s stock, valued at approximately $40,352,094. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,318 shares of company stock valued at $2,098,866. 8.01% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Trading Down 1.8 %

SKWD stock opened at $48.65 on Monday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group, Inc. has a 12 month low of $33.27 and a 12 month high of $55.62. The firm has a 50-day moving average price of $47.40 and a 200-day moving average price of $45.59.

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.