One Skyward Specialty Insurance Group Insider Has Reduced Their Stake

From what we can see, insiders were net sellers in Skyward Specialty Insurance Group, Inc.'s (NASDAQ:SKWD ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Skyward Specialty Insurance Group

The Last 12 Months Of Insider Transactions At Skyward Specialty Insurance Group

Over the last year, we can see that the biggest insider sale was by the Independent Director, James Hays, for US$4.4m worth of shares, at about US$21.91 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$28.47. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 6.7% of James Hays's holding. James Hays was the only individual insider to sell over the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Skyward Specialty Insurance Group Insiders Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at Skyward Specialty Insurance Group. Director Anthony Kuczinski purchased US$25k worth of shares in that period. It's great to see that insiders are only buying, not selling. However, in this case the amount invested recently is quite small.

Insider Ownership Of Skyward Specialty Insurance Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Skyward Specialty Insurance Group insiders own 19% of the company, currently worth about US$205m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Skyward Specialty Insurance Group Tell Us?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. While we gain confidence from high insider ownership of Skyward Specialty Insurance Group, we can't say the same about their transactions in the last year, in the absence of further purchases. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an 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 account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.