Slide Insurance (NASDAQ:SLDE) Insider Sells 11,150 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 11,150 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $27.55, for a total value of $307,182.50. Following the sale, the insider owned 11,150 shares in the company, valued at approximately $307,182.50. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, October 20th, Matthew Larson sold 2,600 shares of Slide Insurance stock. The shares were sold at an average price of $27.53, for a total value of $71,578.00.
• 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 transaction of $295,724.00.
• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $24.62, for a total transaction of $280,027.88.

Slide Insurance Trading Up 2.9%

NASDAQ:SLDE traded up $0.80 during mid-day trading on Friday, hitting $28.55. 1,671,925 shares of the company’s stock were exchanged, compared to its average volume of 1,425,958. The company has a 50 day simple moving average of $24.35 and a 200-day simple moving average of $20.89. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. Slide Insurance Holdings, Inc. has a fifty-two week low of $15.11 and a fifty-two week high of $28.69. The firm has a market capitalization of $3.33 billion, a P/E ratio of 6.96 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 for the quarter, topping analysts’ consensus estimates of $0.88 by $0.18. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%. The firm had revenue of $386.82 million for the quarter. As a group, research analysts expect that Slide Insurance Holdings, Inc. will post 3.84 earnings per share for the current year.

Slide Insurance Dividend Announcement

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

Institutional Trading of Slide Insurance

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Slide Insurance during the 2nd quarter worth about $98,538,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Slide Insurance by 298.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,687,802 shares of the company’s stock valued at $48,380,000 after purchasing an additional 2,012,428 shares during the period. Lazard Asset Management LLC boosted its position in shares of Slide Insurance by 27.2% during the 1st quarter. Lazard Asset Management LLC now owns 849,967 shares of the company’s stock valued at $15,299,000 after purchasing an additional 181,795 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Slide Insurance during the 2nd quarter valued at about $14,530,000. Finally, Man Group plc bought a new stake in shares of Slide Insurance during the 2nd quarter valued at about $12,229,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SLDE shares. Weiss Ratings upgraded Slide Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Slide Insurance in a research report on Monday, October 12th. Morgan Stanley set a $22.00 target price on Slide Insurance in a report on Monday, August 3rd. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Barclays increased their price target on Slide Insurance from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Slide Insurance currently has an average rating of “Moderate Buy” and a consensus price target of $25.60.

Slide Insurance Company Profile

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.