Slide Insurance Holdings, Inc. $SLDE Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) by 529,826.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 381,547 shares of the company’s stock after acquiring an additional 381,475 shares during the period. Fifth Third Bancorp’s holdings in Slide Insurance were worth $7,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comerica Bank lifted its position in Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 1,281 shares in the last quarter. CWM LLC acquired a new position in Slide Insurance during the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. acquired a new position in Slide Insurance during the 3rd quarter worth approximately $35,000. Strs Ohio acquired a new position in Slide Insurance during the 3rd quarter worth approximately $77,000. Finally, SG Americas Securities LLC lifted its position in Slide Insurance by 30.1% during the 4th quarter. SG Americas Securities LLC now owns 24,103 shares of the company’s stock worth $470,000 after acquiring an additional 5,576 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Bruce Lucas sold 191,276 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $19.24, for a total value of $3,680,150.24. Following the completion of the sale, the chief executive officer directly owned 36,571,004 shares in the company, valued at approximately $703,626,116.96. The trade was a 0.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Paul Larson sold 44,752 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $20.02, for a total value of $895,935.04. Following the completion of the sale, the insider owned 1,250 shares of the company’s stock, valued at $25,025. This trade represents a 97.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,663,954 shares of company stock valued at $67,551,017 over the last 90 days.

Slide Insurance Price Performance

SLDE stock opened at $18.60 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The stock’s 50 day moving average is $18.19 and its two-hundred day moving average is $17.40. The company has a market capitalization of $2.13 billion and a PE ratio of 5.17.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.20. Slide Insurance had a return on equity of 50.01% and a net margin of 38.86%.The company had revenue of $389.28 million for the quarter. Analysts predict that Slide Insurance Holdings, Inc. will post 3.36 earnings per share for the current fiscal year.

Slide Insurance announced that its Board of Directors has authorized a share buyback plan on Tuesday, April 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Wall Street Zen lowered Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Piper Sandler boosted their price target on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Zacks Research downgraded Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Barclays lifted their price objective on Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.80.

Key Stories Impacting Slide Insurance

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

• Positive Sentiment: Q1 beat: Slide reported $1.02 EPS vs. $0.82 expected and $389.3M revenue, showing strong premium growth and improved profitability — a clear operational upside supporting the stock. Earnings Call Transcript
• Positive Sentiment: Board authorized a $100M share repurchase program (≈4.3% of shares), a shareholder-friendly move that can boost EPS and signal management confidence. Repurchase Announcement
• Positive Sentiment: 2026 growth/guidance: Slide expects $1.85B–$1.95B in gross written premiums for 2026 and is arranging a ~ $3.5B first-event reinsurance tower — signals scale ambition and risk management as it grows. Guidance / Reinsurance
• Positive Sentiment: Institutional buying and new positions (including notable investors adding shares) suggest growing institutional conviction that could support demand. Institutional Interest
• Neutral Sentiment: Earnings call transcripts and management commentary are available for deeper diligence; the call provides color on reserve assumptions and reinsurance plans but no new surprise items. Earnings Call (Fool)
• Negative Sentiment: Heavy insider selling: CEO Bruce Lucas, COO Shannon Lucas and other insiders executed multiple large sales across late April (hundreds of thousands of shares across several tranches). Repeated, sizable disposals can create near-term selling pressure and raise investor caution. Bruce Lucas Sale
• Negative Sentiment: Analyst momentum: Zacks downgraded SLDE from “strong-buy” to “hold,” which may prompt short-term selling by momentum-driven funds despite the earnings beat. Zacks Downgrade

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.