Shannon Lucas Sells 23,884 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 23,884 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $18.59, for a total transaction of $444,003.56. Following the sale, the chief operating officer owned 1,609,041 shares of the company’s stock, valued at $29,912,072.19. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shannon Lucas also recently made the following trade(s):

• On Monday, March 9th, Shannon Lucas sold 11,700 shares of Slide Insurance stock. The shares were sold at an average price of $18.23, for a total transaction of $213,291.00.
• On Thursday, March 5th, Shannon Lucas sold 17,075 shares of Slide Insurance stock. The shares were sold at an average price of $19.37, for a total transaction of $330,742.75.

Slide Insurance Price Performance

Shares of Slide Insurance stock opened at $17.70 on Wednesday. The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of 6.86. The firm’s 50-day moving average price is $17.51 and its two-hundred day moving average price is $16.48. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million during the quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on SLDE. Piper Sandler increased their target price on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Barclays upped their price target on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods increased their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.40.

Institutional Investors Weigh In On Slide Insurance

Several hedge funds and other institutional investors have recently made changes to their positions in SLDE. Envestnet Asset Management Inc. bought a new stake in shares of Slide Insurance during the second quarter worth $1,333,000. Boston Partners bought a new position in Slide Insurance in the second quarter valued at about $7,024,000. Geode Capital Management LLC acquired a new stake in Slide Insurance in the second quarter worth about $2,245,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Slide Insurance in the second quarter worth about $2,667,000. Finally, Legal & General Group Plc bought a new stake in Slide Insurance during the 2nd quarter worth about $216,000.

Key Stories Impacting Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Slide reported a strong Q4 beat in late Feb (EPS $1.23 vs. $0.87 est.), which supports valuation and helped analyst upgrades. Earnings / Company Page
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $23 (from $22) and kept an “outperform” rating — implying material upside vs. current levels and providing a medium-term positive catalyst. Benzinga
• Neutral Sentiment: Institutional ownership is sizable and rising (Capital World, Vanguard, Balyasny, others added positions), which can stabilize shares but is a longer-term factor rather than an immediate catalyst. MarketBeat — Institutional Holdings
• Neutral Sentiment: Industry/peer comparison pieces (e.g., vs. Exzeo Group) provide relative-value context for investors but do not by themselves move the stock. Monitor sector flows and competitor developments. Comparing Exzeo Group & Slide Insurance
• Negative Sentiment: Large insider selling this week likely weighed on the stock: CEO Bruce Lucas sold a series of blocks (241,493 on Mar 6 at ~$19.37; 172,644 on Mar 5 at ~$19.37; and 118,300 on Mar 9 at ~$18.23 — total ~532,437 shares) and COO Shannon Lucas sold multiple blocks (total ~52,659 shares across Mar 5–9). Combined sales ≈585,096 shares (~$10–11M of proceeds). While these reduce holdings by fractions of their stakes, the concentrated, high-dollar supply can create near-term downward pressure. SEC filings: CEO CEO Filing; COO COO Filing

Slide Insurance Company Profile

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.