Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) COO Shannon Lucas sold 11,676 shares of Slide Insurance stock in a transaction on Monday, April 20th. The stock was sold at an average price of $19.55, for a total transaction of $228,265.80. Following the completion of the transaction, the chief operating officer directly owned 1,370,898 shares of the company's stock, valued at $26,801,055.90. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shannon Lucas also recently made the following trade(s):
- On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The shares were sold at an average price of $18.04, for a total transaction of $340,486.96.
- On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The shares were sold at an average price of $18.05, for a total transaction of $462,459.05.
- On Thursday, April 9th, Shannon Lucas sold 27,069 shares of Slide Insurance stock. The stock was sold at an average price of $18.11, for a total value of $490,219.59.
- On Wednesday, April 8th, Shannon Lucas sold 12,008 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total value of $216,264.08.
- On Tuesday, April 7th, Shannon Lucas sold 11,283 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $203,094.00.
- On Monday, April 6th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total value of $244,215.00.
- On Monday, March 30th, Shannon Lucas sold 13,389 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value of $242,207.01.
- On Wednesday, April 1st, Shannon Lucas sold 868 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total value of $15,632.68.
- On Tuesday, March 31st, Shannon Lucas sold 24,429 shares of Slide Insurance stock. The shares were sold at an average price of $18.10, for a total value of $442,164.90.
- On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The shares were sold at an average price of $18.44, for a total value of $180,029.72.
Slide Insurance Stock Down 0.9%
Shares of SLDE opened at $18.81 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $17.99 and a 200 day moving average of $17.29. The company has a market cap of $2.34 billion and a PE ratio of 7.29. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter. On average, sell-side analysts expect that Slide Insurance Holdings, Inc. will post 3.26 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SLDE. Keefe, Bruyette & Woods upped their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, March 9th. Piper Sandler boosted their target price on Slide Insurance from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Wall Street Zen cut Slide Insurance from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Texas Capital upgraded Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Slide Insurance in a research note on Friday, December 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Slide Insurance presently has a consensus rating of "Buy" and a consensus price target of $24.40.
Get Our Latest Stock Analysis on SLDE
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SLDE. Comerica Bank lifted its holdings in Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company's stock valued at $26,000 after buying an additional 1,281 shares in the last quarter. CWM LLC purchased a new stake in Slide Insurance in the 4th quarter valued at about $35,000. Ameritas Investment Partners Inc. bought a new position in Slide Insurance in the 3rd quarter worth about $35,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Slide Insurance during the fourth quarter valued at approximately $47,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Slide Insurance by 4,839.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company's stock worth $49,000 after purchasing an additional 2,468 shares in the last quarter.
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.
Further Reading
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