Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) insider Matthew Paul Larson sold 11,250 shares of the firm's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $18.77, for a total transaction of $211,162.50. Following the completion of the transaction, the insider owned 1,250 shares of the company's stock, valued at approximately $23,462.50. This trade represents a 90.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Matthew Paul Larson also recently made the following trade(s):
- On Wednesday, April 29th, Matthew Paul Larson sold 44,752 shares of Slide Insurance stock. The shares were sold at an average price of $20.02, for a total transaction of $895,935.04.
- On Monday, April 20th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.39, for a total transaction of $218,137.50.
- On Thursday, April 16th, Matthew Paul Larson sold 8,750 shares of Slide Insurance stock. The stock was sold at an average price of $19.00, for a total transaction of $166,250.00.
- On Monday, April 13th, Matthew Paul Larson sold 10,000 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $180,000.00.
- 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 transaction 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 transaction 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 transaction 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 transaction of $213,862.50.
Slide Insurance Stock Down 2.4%
Slide Insurance stock opened at $18.41 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The firm has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $17.38. The firm has a market cap of $2.29 billion and a price-to-earnings ratio of 5.11.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.20. The firm had revenue of $389.28 million for the quarter. Equities analysts predict that Slide Insurance Holdings, Inc. will post 3.26 EPS for the current year.
Slide Insurance declared that its board has initiated a stock repurchase program on Tuesday, April 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.
Institutional Trading of Slide Insurance
Several large investors have recently modified their holdings of the stock. Capital World Investors grew its position in shares of Slide Insurance by 49.4% during the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company's stock worth $70,767,000 after buying an additional 1,483,180 shares during the period. Vanguard Group Inc. grew its position in shares of Slide Insurance by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 2,761,819 shares of the company's stock worth $53,800,000 after buying an additional 354,321 shares during the period. Balyasny Asset Management L.P. grew its position in Slide Insurance by 27.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,758,215 shares of the company's stock valued at $34,250,000 after purchasing an additional 380,161 shares during the period. Raymond James Financial Inc. acquired a new stake in Slide Insurance in the 2nd quarter valued at $33,063,000. Finally, Freestone Grove Partners LP grew its position in Slide Insurance by 50.3% in the 4th quarter. Freestone Grove Partners LP now owns 986,543 shares of the company's stock valued at $19,218,000 after purchasing an additional 330,165 shares during the period.
Key Headlines Impacting Slide Insurance
Here are the key news stories impacting Slide Insurance this week:
- Positive Sentiment: Slide beat Q1 expectations: $1.02 EPS vs. $0.82 expected, revenue of $389.3M, gross premiums written +49.1% YoY, net income +50.8% and a 55.5% combined ratio — a clear operational outperformance that supports valuation. Q1 Press Release
- Positive Sentiment: The board approved a $100M share repurchase program (up to ~4.3% of shares outstanding), which is typically supportive of the stock and signals management believes shares are undervalued. Repurchase Announcement
- Positive Sentiment: Notable institutional interest: David Einhorn opened a new position and several large funds have recently increased holdings — institutional buying can attract further investor attention. Einhorn Position
- Neutral Sentiment: Local recognition as a 2026 “Best Places to Work” — positive for talent retention but unlikely to move the stock materially in the near term. Best Places to Work
- Negative Sentiment: Significant insider selling: CEO Bruce Lucas and COO Shannon Lucas executed multiple large sales over April (totaling millions of dollars and several hundred thousand shares across days). Heavy, repeated insider disposals can signal liquidity needs or prompt investor caution and likely put near-term downward pressure on the share price. Insider Trades Alert
- Negative Sentiment: Zacks downgraded SLDE from “strong-buy” to “hold,” which can trigger short-term selling by momentum investors despite the quarter beat. Zacks Downgrade
Analyst Ratings Changes
Several research analysts have issued reports on SLDE shares. Texas Capital upgraded shares of Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Piper Sandler raised their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. Keefe, Bruyette & Woods raised their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, March 9th. Zacks Research downgraded shares of Slide Insurance from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Slide Insurance from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.80.
Read Our Latest Analysis on SLDE
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
