Slide Insurance (NASDAQ:SLDE) Insider Matthew Paul Larson Sells 2,600 Shares of Company Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $27.53, for a total value of $71,578.00. Following the completion of the sale, the insider directly owned 2,600 shares in the company, valued at approximately $71,578. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matthew Paul Larson also recently made the following trade(s):

• On Monday, September 14th, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $26.00, for a total value of $295,724.00.
• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The stock was sold at an average price of $24.62, for a total value of $280,027.88.

Slide Insurance Price Performance

Shares of NASDAQ SLDE opened at $27.75 on Friday. Slide Insurance Holdings, Inc. has a 1-year low of $14.56 and a 1-year high of $27.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 1.23. The business’s fifty day moving average price is $24.35 and its two-hundred day moving average price is $20.89. The firm has a market capitalization of $3.24 billion, a PE ratio of 6.61 and a beta of 0.13.

Slide Insurance (NASDAQ:SLDE) last posted its earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.18. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%. The company had revenue of $386.82 million for the quarter. On average, research analysts expect that Slide Insurance Holdings, Inc. will post 3.84 EPS for the current year.

Slide Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. Slide Insurance’s dividend payout ratio is currently 6.83%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SLDE. Weiss Ratings upgraded shares of Slide Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Morgan Stanley set a $22.00 target price on shares of Slide Insurance in a research report on Monday, August 3rd. Citigroup restated an “outperform” rating on shares of Slide Insurance in a research note on Monday, October 12th. Citizens Jmp raised their price target on shares of Slide Insurance from $27.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, October 12th. Finally, Barclays lifted their price target on Slide Insurance from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC increased its holdings in shares of Slide Insurance by 8.4% during the first quarter. Hsbc Holdings PLC now owns 21,251 shares of the company’s stock valued at $384,000 after purchasing an additional 1,641 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Slide Insurance during the second quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new stake in Slide Insurance in the second quarter worth about $40,000. California State Teachers Retirement System lifted its holdings in Slide Insurance by 9.5% in the first quarter. California State Teachers Retirement System now owns 25,318 shares of the company’s stock worth $456,000 after purchasing an additional 2,189 shares during the period. Finally, State of Wyoming acquired a new stake in Slide Insurance in the first quarter worth about $42,000.

About Slide Insurance

Slide Insurance Holdings, Inc is a technology-enabled property and casualty insurance company focused primarily on residential homeowners insurance. Through its digital platform, the company uses data, automation and analytics to support the quoting, underwriting, policy administration and claims processes.

Slide offers homeowners coverage designed to protect residential properties and personal belongings against covered risks, along with related liability protection and optional coverage features.