Key Points
- Insider selling: Director Matthew Paul Larson sold 11,250 shares on March 24 at an average price of $18 (worth $202,500) and had sold another 11,250 shares on March 3 at $19.01, signaling notable recent insider disposals.
- Stock and financials: SLDE trades near $17.77 with a market cap of $2.21 billion, a P/E of 6.89, a 1‑year range of $12.53–$25.90, and 50/200‑day moving averages of $17.34/$16.76.
- Operational and analyst outlook: Slide reported an EPS beat of $1.23 vs. $0.87 consensus on $347M revenue, and analysts largely rate the stock a "Buy" with a consensus target of $24.40 after several upgrades and price‑target raises.
Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) insider Matthew Paul Larson sold 11,250 shares of Slide Insurance stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $18.00, for a total value of $202,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Matthew Paul Larson also recently made the following trade(s):
- On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $19.01, for a total value of $213,862.50.
Slide Insurance Trading Up 0.1%
NASDAQ:SLDE opened at $17.77 on Thursday. 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. The firm has a market capitalization of $2.21 billion and a price-to-earnings ratio of 6.89. The business's 50-day moving average price is $17.34 and its two-hundred day moving average price is $16.76.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The company had revenue of $347.01 million for the quarter.
Hedge Funds Weigh In On Slide Insurance
Several institutional investors and hedge funds have recently modified their holdings of the business. Great Lakes Advisors LLC bought a new stake in Slide Insurance in the 3rd quarter valued at $3,113,000. American Century Companies Inc. acquired a new position in Slide Insurance in the 2nd quarter worth $56,229,000. HB Wealth Management LLC bought a new position in Slide Insurance during the 3rd quarter worth about $955,000. Federated Hermes Inc. bought a new position in 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 in the 2nd quarter valued at about $4,245,000.
Analyst Ratings Changes
A number of brokerages recently issued reports on SLDE. Texas Capital upgraded shares of Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Keefe, Bruyette & Woods increased their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, March 9th. Barclays lifted 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. Weiss Ratings restated a "hold (c-)" rating on shares of Slide Insurance in a research report on Friday, December 26th. Finally, Zacks Research raised Slide Insurance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $24.40.
Check Out Our Latest Report on SLDE
About Slide Insurance
(
Get Free Report)
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.
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