Skyward Specialty Insurance Group sees insider stock selling

From what we could see, insiders were net sellers Skyward Specialized Insurance Group (NASDAQ:SKWD) over the past 12 months. This means that insiders sold shares in larger numbers than bought them.

Although we don’t think shareholders should simply follow insider transactions, we do think it makes perfect sense to keep an eye on what insiders are doing.

View our latest analysis for Skyward Specialty Insurance Group

Last 12 months of insider transactions at Skyward Specialty Insurance Group

The independent director, James Hayes, has made his biggest insider sale in the last 12 months. That single transaction was for $4.4 million worth of stock at a price of $21.91 per share. This means that even when the share price was below the current price of US$32.43, an insider wanted cash in some shares. As a general rule, we consider it discouraging for insiders to sell at below the current price, because it suggests they were happy with a lower valuation. However, please note that sellers may have a variety of reasons for selling, so we do not know for sure what they think of the stock price. This single sale was only 6.7% of James Hayes’ stake. James Hayes was the only insider to sell within the last year.

Below you can see a visual depiction of insider transactions (by companies and individuals) over the past 12 months. If you want to know exactly who sold, for how much, and when, just click on the chart below!

If you’re like me, you’ll do it no You want to miss this free A growing list of companies that insiders are buying.

Does Skyward Specialized Insurance Group have high insider ownership?

Another way to test alignment between company leaders and other shareholders is to look at how many shares they own. We typically like to see fairly high levels of insider ownership. It’s great to see that Skyward Specialty Insurance Group insiders own 18% of the company, worth about US$237m. Most shareholders would be happy to see this type of insider ownership, because it suggests that management’s incentives are well aligned with other shareholders.

What might insider transactions at Skyward Specialty Insurance Group tell us?

It’s not so much that no insider traded shares of Skyward Specialty Insurance Group last quarter. While we feel good about Skyward Specialty Insurance Group’s high ownership percentage, we can’t say the same about selling shares. naturally, The future is what matters most. So, if you are interested in Skyward Specialty Insurance Group, you should check this out free A report on analysts’ expectations for the company.

But note: Skyward Specialty Insurance Group may not be the best stock to buy. So take a peek at this free List of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. We currently only count open market transactions and private dispositions with direct interests, but not derivative transactions or indirect interests.

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This article written by Simply Wall St is general in nature. We provide comments based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to offer you focused, long-term analysis driven by fundamental data. Note that our analysis may not take into account a company’s most recent price-sensitive announcements or qualitative materials. Simply put, Wall St has no position in any of the stocks mentioned.