Bruce Lucas Sells 98,716 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 98,716 shares of Slide Insurance stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $18.44, for a total transaction of $1,820,323.04. Following the sale, the chief executive officer owned 38,895,317 shares of the company’s stock, valued at $717,229,645.48. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, March 16th, Bruce Lucas sold 227,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.13, for a total value of $4,124,575.00.
• On Wednesday, March 11th, Bruce Lucas sold 2,730 shares of Slide Insurance stock. The stock was sold at an average price of $17.42, for a total value of $47,556.60.
• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total value of $2,156,609.00.
• On Friday, March 6th, Bruce Lucas sold 241,493 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total value of $4,489,354.87.
• On Thursday, March 5th, Bruce Lucas sold 172,644 shares of Slide Insurance stock. The shares were sold at an average price of $19.37, for a total value of $3,344,114.28.

Slide Insurance Stock Down 2.5%

Shares of SLDE stock opened at $17.30 on Friday. Slide Insurance Holdings, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $25.90. The firm has a market capitalization of $2.15 billion and a PE ratio of 6.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50-day simple moving average is $17.35 and its 200-day simple moving average is $16.64.

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

Key Slide Insurance News

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

• Positive Sentiment: Analyst upgrades and price‑target increases — Zacks upgraded SLDE to a “strong‑buy” and Keefe, Bruyette & Woods raised its target, reflecting stronger analyst conviction that can attract buying interest. Zacks.com Keefe Bruyette Price Target
• Positive Sentiment: Consensus upside and fundamentals — Street coverage shows an implied ~36% upside vs. current levels and SLDE recently beat quarterly EPS ($1.23 vs. $0.87) on $347M revenue, which supports higher targets and momentum flows. Zacks Upside Note MarketBeat Company Page
• Neutral Sentiment: Peer/sector comparison pieces provide relative valuation context but aren’t immediate catalysts; useful for longer‑term allocation decisions. Exzeo vs Slide Analysis
• Negative Sentiment: Heavy insider selling — CEO Bruce Lucas sold large blocks (227,500 shares on 3/16 and 98,716 on 3/17), COO Shannon Lucas sold multiple tranches, and a director also sold shares. These sizable disposals (while insiders still retain large stakes) are the most likely proximate cause of today’s weakness. SEC Filing (Bruce Lucas) InsiderTrades Summary

Institutional Investors Weigh In On Slide Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in SLDE. Great Lakes Advisors LLC acquired a new stake in Slide Insurance during the third quarter valued at $3,113,000. American Century Companies Inc. acquired a new position in shares of Slide Insurance in the second quarter worth about $56,229,000. HB Wealth Management LLC purchased a new stake in shares of Slide Insurance during the 3rd quarter worth about $955,000. Federated Hermes Inc. purchased a new stake in shares of Slide Insurance during the 3rd quarter worth about $9,471,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Slide Insurance during the 2nd quarter valued at about $4,245,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SLDE. Keefe, Bruyette & Woods upped their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Piper Sandler upped their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Barclays increased their price target on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Slide Insurance presently has an average rating of “Buy” and an average price target of $24.40.

About Slide Insurance

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.