Slide Insurance (NASDAQ:SLDE) Insider Matthew Paul Larson Sells 11,374 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 11,374 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $26.00, for a total value of $295,724.00. Following the sale, the insider directly owned 11,374 shares in the company, valued at $295,724. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Matthew Paul Larson also recently made the following trade(s):

• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $24.62, for a total value of $280,027.88.

Slide Insurance Trading Down 3.1%

SLDE opened at $25.67 on Thursday. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $26.75. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.26 and a beta of 0.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $22.23 and a 200 day moving average price of $19.64.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.18. The company had revenue of $386.82 million for the quarter. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%. Sell-side analysts expect 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 paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Slide Insurance’s dividend payout ratio is presently 6.83%.

Wall Street Analysts Forecast Growth

SLDE has been the subject of a number of recent research reports. Citigroup reiterated an “outperform” rating on shares of Slide Insurance in a research note on Thursday, July 30th. Weiss Ratings raised shares of Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. Barclays raised their price objective on shares of Slide Insurance from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Slide Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $25.40.

Institutional Investors Weigh In On Slide Insurance

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Slide Insurance in the second quarter valued at $98,538,000. Hsbc Holdings PLC acquired a new stake in shares of Slide Insurance during the second quarter worth about $1,077,000. World Investment Advisors acquired a new stake in shares of Slide Insurance during the fourth quarter worth about $1,964,000. Axis Wealth Partners LLC lifted its holdings in shares of Slide Insurance by 100.0% in the 1st quarter. Axis Wealth Partners LLC now owns 203,502 shares of the company’s stock valued at $3,663,000 after purchasing an additional 101,751 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Slide Insurance by 24.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 459,820 shares of the company’s stock valued at $8,277,000 after purchasing an additional 91,610 shares during the last quarter.

About Slide Insurance

Slide Insurance is a technology-enabled property and casualty insurance company focused on personal residential coverage. Through its insurance operations, the company provides homeowners insurance and related products designed to protect homes and personal property against covered risks, including weather-related events.

Slide uses data-driven underwriting, digital tools and automated claims and policy-management capabilities to support the distribution and servicing of insurance policies.