Key Points
- Matthew Paul Larson sold 10,000 Slide Insurance shares on April 13 at an average price of $18, cutting his stake by 50% to 10,000 shares, according to an SEC filing.
- Larson has executed multiple sales since March, disposing of a total of 55,000 shares across five transactions for roughly $1.00 million in proceeds, indicating sustained insider selling activity.
- Stock and analyst context: Slide Insurance trades around $18.39 with a $2.29 billion market cap and a consensus "Buy" target of $24.40, with some analysts raising targets up to $29.
Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) insider Matthew Paul Larson sold 10,000 shares of the company's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $18.00, for a total value of $180,000.00. Following the completion of the sale, the insider owned 10,000 shares of the company's stock, valued at $180,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Matthew Paul Larson also recently made the following trade(s):
- On Monday, April 6th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total value of $202,500.00.
- On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total value of $202,500.00.
- On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total value of $202,500.00.
- On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.01, for a total value of $213,862.50.
Slide Insurance Trading Up 2.7%
NASDAQ:SLDE opened at $18.39 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.29 billion and a price-to-earnings ratio of 7.13. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90. The business has a fifty day moving average price of $17.81 and a 200-day moving average price of $17.15.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.87 by $0.36. The company had revenue of $347.01 million during the quarter.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its holdings in Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company's stock worth $26,000 after buying an additional 1,281 shares during the period. CWM LLC bought a new position in Slide Insurance in the 4th quarter worth $35,000. Ameritas Investment Partners Inc. bought a new position in Slide Insurance in the 3rd quarter worth $35,000. Aster Capital Management DIFC Ltd bought a new position in shares of Slide Insurance during the 4th quarter valued at about $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Slide Insurance by 4,839.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company's stock valued at $49,000 after purchasing an additional 2,468 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Piper Sandler upped their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Slide Insurance in a report on Friday, December 26th. Zacks Research raised shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 17th. Keefe, Bruyette & Woods upped 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. Finally, Barclays upped their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, February 25th. Two equities research 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 MarketBeat.com, Slide Insurance has a consensus rating of "Buy" and a consensus target price of $24.40.
Get Our Latest Stock Analysis on Slide Insurance
Slide Insurance Company Profile
(
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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