In a recent transaction, Kirby (NYSE:KEX) Hill, the President of Industry Solutions at Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), sold 8,500 shares of the company's common stock. The sale was executed at a price of $37.02 per share, totaling $314,670. Following the transaction, Hill's direct holdings in Skyward Specialty Insurance Group stand at 13,946 shares.
The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. The sale took place on May 10, 2024, and was made public on May 13, 2024, with the completion of the required SEC Form 4 documentation.
Skyward Specialty Insurance Group, Inc., 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 from Houston International Insurance Group LTD in August 2014.
Investors and shareholders of Skyward Specialty Insurance Group, Inc. can track insider transactions as they are required to be disclosed to the SEC and the public. These transactions can offer insights into the confidence level that executives and insiders have in the company's prospects.
For additional information on Skyward Specialty Insurance Group's latest insider transactions, interested parties can visit the SEC's website.
InvestingPro Insights
Amidst the insider transaction activity at Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), the company's financial health and market performance provide a broader context for investors assessing its potential. According to InvestingPro data, Skyward Specialty Insurance Group has a market capitalization of $1.49 billion, reflecting its size and scale within the insurance industry.
The company's Price-to-Earnings (P/E) ratio, a key metric for valuation, stands at a relatively modest 16.94. This is further complemented by an adjusted P/E ratio for the last twelve months as of Q1 2024 of 13.65, which suggests that the company is trading at a low P/E ratio relative to near-term earnings growth, a point highlighted in one of the InvestingPro Tips. Additionally, Skyward Specialty Insurance Group has demonstrated impressive revenue growth of 41.39% over the last twelve months as of Q1 2024, signaling robust business performance.
Investors looking for growth may also take note of the company's strong price performance, with a 50.71% return over the last year. This is bolstered by a significant 18.0% return over the last three months, indicative of positive momentum, as underscored by another InvestingPro Tip.
For those considering a deeper dive into Skyward Specialty Insurance Group's potential, InvestingPro offers a total of 7 additional tips, providing a comprehensive analysis of the company's performance and prospects. Interested readers can unlock these insights and benefit from an exclusive offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/SKWD.
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