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

Pinnacle Financial Partners Inc purchased a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,357 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth approximately $41,000. ORG Wealth Partners LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $61,000. Quarry LP lifted its position in shares of Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after purchasing an additional 879 shares during the period. Kirr Marbach & Co. LLC IN acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $252,000. Finally, FORA Capital LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth approximately $256,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Transactions at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 1,630 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 176,971 shares in the company, valued at $8,682,197.26. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew S. Robinson sold 6,010 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total transaction of $296,713.70. Following the completion of the sale, the chief executive officer now owns 77,144 shares of the company’s stock, valued at approximately $3,808,599.28. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,318 shares of company stock worth $2,098,866 in the last quarter. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Trading Down 1.8 %

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

Analysts Set New Price Targets

Several analysts have recently weighed in on SKWD shares. Raymond James lifted their price objective 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. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Piper Sandler lowered their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 price objective for the company. Finally, Barclays boosted 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. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.44.

About Skyward Specialty Insurance Group

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.