Slide Insurance (NASDAQ:SLDE) Insider Sells 11,250 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Paul Larson sold 11,250 shares of Slide Insurance stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $18.00, for a total value of $202,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Up 0.1%

NASDAQ:SLDE traded up $0.02 during mid-day trading on Wednesday, hitting $17.77. The stock had a trading volume of 2,266,842 shares, compared to its average volume of 1,676,384. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90. The stock has a 50-day simple moving average of $17.32 and a two-hundred day simple moving average of $16.75. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.21 billion and a PE ratio of 6.89.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Piper Sandler increased their target price on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Texas Capital raised Slide Insurance to a “strong-buy” rating in a report on Wednesday, March 18th. Keefe, Bruyette & Woods upped their price objective on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Barclays increased their price objective on Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Zacks Research raised Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Slide Insurance has a consensus rating of “Buy” and a consensus price target of $24.40.

Institutional Investors Weigh In On Slide Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new position in Slide Insurance in the fourth quarter valued at $382,000. World Investment Advisors acquired a new stake in shares of Slide Insurance during the fourth quarter worth about $1,964,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after purchasing an additional 2,468 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Slide Insurance by 35.1% in the 4th quarter. Invesco Ltd. now owns 20,066 shares of the company’s stock valued at $391,000 after purchasing an additional 5,212 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in shares of Slide Insurance in the 4th quarter valued at about $859,000.

About Slide Insurance

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.