Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) CRO Charles William Powell sold 2,080 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $25.00, for a total value of $52,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Slide Insurance Trading Down 0.9%
Shares of SLDE stock opened at $24.46 on Wednesday. The firm has a 50-day moving average price of $21.68 and a 200 day moving average price of $19.33. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.09. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 5.97 and a beta of 0.07. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.18. The company had revenue of $386.82 million for the quarter. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%. Research analysts forecast that Slide Insurance Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.
Slide Insurance Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Slide Insurance's dividend payout ratio (DPR) is 6.83%.
Analyst Ratings Changes
A number of research analysts have weighed in on SLDE shares. Citigroup reissued an "outperform" rating on shares of Slide Insurance in a research note on Thursday, July 30th. Barclays upped their target price on Slide Insurance from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Citizens Jmp increased their target price on Slide Insurance from $25.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 30th. Wall Street Zen cut Slide Insurance from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Morgan Stanley set a $22.00 price objective on shares of Slide Insurance in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Slide Insurance has an average rating of "Buy" and an average price target of $25.40.
Check Out Our Latest Research Report on Slide Insurance
Hedge Funds Weigh In On Slide Insurance
Several hedge funds and other institutional investors have recently bought and sold shares of SLDE. 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 acquiring an additional 1,281 shares during the period. CWM LLC purchased a new stake in shares of Slide Insurance during the fourth quarter valued at approximately $35,000. Global Retirement Partners LLC acquired a new position in shares of Slide Insurance during the second quarter worth $39,000. Meeder Asset Management Inc. acquired a new position in shares of Slide Insurance during the second quarter worth $40,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Slide Insurance in the third quarter valued at $35,000.
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.
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