Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 6,647 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) COO Shannon Lucas sold 6,647 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $18.88, for a total value of $125,495.36. Following the completion of the sale, the chief operating officer owned 1,308,133 shares of the company's stock, valued at approximately $24,697,551.04. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shannon Lucas also recently made the following trade(s):

• On Friday, May 1st, Shannon Lucas sold 8,450 shares of Slide Insurance stock. The stock was sold at an average price of $18.77, for a total value of $158,606.50.
• On Wednesday, April 29th, Shannon Lucas sold 18,917 shares of Slide Insurance stock. The stock was sold at an average price of $19.24, for a total value of $363,963.08.
• On Tuesday, April 28th, Shannon Lucas sold 15,251 shares of Slide Insurance stock. The stock was sold at an average price of $18.94, for a total value of $288,853.94.
• On Monday, April 27th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.75, for a total value of $253,125.00.
• On Monday, April 20th, Shannon Lucas sold 11,676 shares of Slide Insurance stock. The stock was sold at an average price of $19.55, for a total value of $228,265.80.
• On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total value of $340,486.96.
• On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The stock was sold at an average price of $18.05, for a total value 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 stock was sold at an average price of $18.00, for a total value of $203,094.00.

Slide Insurance Stock Down 1.0%

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NASDAQ SLDE opened at $18.43 on Tuesday. The business has a fifty day moving average price of $18.19 and a two-hundred day moving average price of $17.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. Slide Insurance Holdings, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $25.90. The stock has a market capitalization of $2.11 billion and a PE ratio of 5.12.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.20. Slide Insurance had a return on equity of 50.01% and a net margin of 38.86%.The firm had revenue of $389.28 million during the quarter. Equities analysts expect that Slide Insurance Holdings, Inc. will post 3.36 earnings per share for the current fiscal year.

Slide Insurance announced that its board has authorized a stock repurchase program on Tuesday, April 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

Slide Insurance News Roundup

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program for California to address a shrinking market, expanding its coastal specialty footprint — a potential revenue growth and market-share positive. Slide Insurance Expands Homeowners Coverage to California
• Negative Sentiment: CEO Bruce Lucas sold a total of 152,641 shares across May 1 and May 4 at average prices ~ $18.77–$18.88 (proceeds ≈ $2.87M), trimming his stake by ~0.2% — a sizable, disclosed insider sale that can signal near-term dilution risk or prompt investor concern. SEC Filing
• Negative Sentiment: COO Shannon Lucas sold ~15,097 shares across May 1 and May 4 (≈$284k), reducing her holding by ~0.5–0.6% — additional insider selling from senior ops leadership. SEC Filing
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 at ~$18.55 and now holds only 330 shares (a 96%+ reduction) — a noteworthy decrease in CFO’s ownership that may raise governance/insider-alignment questions for some investors. SEC Filing
• Negative Sentiment: Separate report: Charles William Powell sold 18,723 shares (public filing coverage), adding to the week’s selling flow. Article: Powell Sells Shares

Institutional Trading of Slide Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its holdings in Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company's stock valued at $26,000 after purchasing an additional 1,281 shares during the period. Hsbc Holdings PLC increased its holdings in Slide Insurance by 8.4% in the first quarter. Hsbc Holdings PLC now owns 21,251 shares of the company's stock valued at $384,000 after purchasing an additional 1,641 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Slide Insurance by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company's stock valued at $313,000 after purchasing an additional 1,704 shares during the period. CWM LLC acquired a new stake in Slide Insurance in the fourth quarter valued at $35,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance in the third quarter valued at $35,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SLDE. Barclays increased their price target on Slide Insurance from $29.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Wall Street Zen cut Slide Insurance from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Keefe, Bruyette & Woods increased their price target on Slide Insurance from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, March 9th. Zacks Research cut Slide Insurance from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Piper Sandler increased their price target on Slide Insurance from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.80.

Read Our Latest Report on Slide Insurance

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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