Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) Director Andrew Pardo Wright sold 15,000 shares of the business's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $18.75, for a total value of $281,250.00. Following the transaction, the director directly owned 206,837 shares of the company's stock, valued at approximately $3,878,193.75. This represents a 6.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Slide Insurance Stock Performance
Shares of Slide Insurance stock opened at $18.61 on Wednesday. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90. The company has a market cap of $2.13 billion and a PE ratio of 5.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.33. The business has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $17.44.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.20. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%.The business had revenue of $389.28 million during the quarter. On average, equities research analysts forecast that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current fiscal year.
Slide Insurance declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 28th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.
Analyst Ratings Changes
SLDE has been the subject of a number of research analyst reports. Zacks Research downgraded Slide Insurance from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Texas Capital raised Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Keefe, Bruyette & Woods upped their price target on Slide Insurance from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, March 9th. Barclays upped their price target on Slide Insurance from $29.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Finally, Piper Sandler upped their price target on Slide Insurance from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.80.
View Our Latest Analysis on SLDE
Institutional Investors Weigh In On Slide Insurance
Large investors have recently modified their holdings of the company. Great Lakes Advisors LLC acquired a new stake in shares of Slide Insurance in the third quarter valued at approximately $3,113,000. HB Wealth Management LLC acquired a new stake in shares of Slide Insurance in the third quarter valued at approximately $955,000. Cyndeo Wealth Partners LLC acquired a new stake in shares of Slide Insurance in the fourth quarter valued at approximately $2,235,000. Federated Hermes Inc. acquired a new stake in shares of Slide Insurance in the third quarter valued at approximately $9,471,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Slide Insurance by 529,826.4% in the fourth quarter. Fifth Third Bancorp now owns 381,547 shares of the company's stock valued at $7,433,000 after acquiring an additional 381,475 shares during the period.
Key Slide Insurance News
Here are the key news stories impacting Slide Insurance this week:
- Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California to address a shrinking market and expand its coastal-specialty footprint — a clear growth and market-share move for a high-demand state. Slide Insurance Expands Homeowners Coverage to California
- Positive Sentiment: Recent quarterly results and capital actions support valuation: Slide beat EPS estimates and reported strong margins/ROE, and management authorized a $100M buyback (represents roughly ~4% of shares) — both are constructive for earnings per share and investor sentiment. MarketBeat: Slide Insurance profile & earnings
- Positive Sentiment: Analyst coverage remains largely bullish with several firms raising price targets (e.g., Barclays raised its PT), supporting a consensus “Moderate Buy” view and a mid-$20s target. Analyst notes
- Neutral Sentiment: Some institutional flows show modest adjustments (small buys by a few funds) — not large enough to materially shift control but worth monitoring for trend changes. Institutional holdings summary
- Negative Sentiment: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ~152k shares, proceeds ≈ $2.9M) — a sizeable, disclosed insider sale that can raise short-term investor concern. SEC Filing
- Negative Sentiment: COO Shannon Lucas has been selling repeatedly in recent weeks (multiple transactions totaling tens of thousands of shares), trimming her stake — adds to the week’s insider selling signal. SEC Filing
- Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a sharp decline in CFO ownership that some investors may view as a governance/alignment concern. SEC Filing
- Negative Sentiment: Additional insider selling (e.g., Charles William Powell) further increases supply pressure and may weigh on near-term sentiment. Article: Powell Sells Shares
Slide Insurance Company Profile
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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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