Skyward Specialty Insurance Group Insider Sells $314,670 in Shares

Kirby Hill, President of Industry Solutions at Skyward Specialty Insurance, sold 8,500 shares of company stock at $37.02 per share, totaling $314,670. The sale was disclosed in a recent SEC filing, with Hill now directly holding 13,946 shares in the company.

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Aqsa Younas Rana
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Skyward Specialty Insurance Group Insider Sells $314,670 in Shares

Skyward Specialty Insurance Group Insider Sells $314,670 in Shares

Kirby Hill, President of Industry Solutions at Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), sold 8,500 shares of the company's common stock on May 10, 2024, at a price of $37.02 per share. The insider sale, totaling $314,670, was disclosed in a recent SEC filing. Following the sale, Hill now directly holds 13,946 shares in Skyward Specialty Insurance Group.

Why this matters: Insider transactions can provide valuable insights into the confidence level of executives and insiders in the company's prospects, which can have a ripple effect on investor sentiment and market performance. As Skyward Specialty Insurance Group continues to expand its business, tracking insider selling can help investors gauge the firm's ongoing success and future prospects.

Skyward Specialty Insurance Group, based in Houston, Texas, operates in the fire, marine, and casualty insurance sector. The company, formerly known as Houston International Insurance Group, underwent a name change in August 2014. With a market capitalization of $1.457 billion and a price-to-earnings ratio of 13.37, Skyward has demonstrated strong financial performance.

The company reported impressive revenue growth of 41.39% over the last twelve months as of Q1 2024, signaling robust business expansion. Skyward's stock has also shown significant price appreciation, with a 50.71% return over the last year and an 18.0% return in the past three months.

Insider transactions, such as Hill's recent sale, are required to be disclosed to the SEC and the public. Over the past year, there have been 11 insider sells at Skyward Specialty Insurance Group and only 1 insider buy. While a single transaction may not be indicative of a broader trend, tracking insider activity can provide valuable insights into the confidence level that executives and insiders have in the company's prospects.

Skyward Specialty Insurance Group's strong financial metrics, including its revenue growth and stock performance, paint a picture of a thriving company in the insurance industry. As the company continues to expand its business and navigate the competitive landscape, investors will likely keep a close eye on insider transactions and other key indicators to gauge the firm's ongoing success and future prospects.

Key Takeaways

  • Kirby Hill, Skyward Specialty Insurance Group's President, sold 8,500 shares at $37.02 each.
  • The sale totaled $314,670, leaving Hill with 13,946 shares.
  • Skyward reported 41.39% revenue growth over the last 12 months as of Q1 2024.
  • The company's stock has a 50.71% return over the last year and 18.0% over the past 3 months.
  • There have been 11 insider sells and 1 insider buy at Skyward over the past year.