Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) COO Shannon Lucas sold 18,874 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $18.04, for a total value of $340,486.96. Following the completion of the transaction, the chief operating officer directly owned 1,382,574 shares in the company, valued at approximately $24,941,634.96. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shannon Lucas also recently made the following trade(s):
- On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $18.00, for a total value of $203,094.00.
- On Monday, April 6th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total value of $244,215.00.
- On Monday, March 30th, Shannon Lucas sold 13,389 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value of $242,207.01.
- On Wednesday, April 1st, Shannon Lucas sold 868 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total value of $15,632.68.
- On Tuesday, March 31st, Shannon Lucas sold 24,429 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total value of $442,164.90.
- On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total value of $180,029.72.
- On Monday, March 16th, Shannon Lucas sold 22,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total value of $407,925.00.
Slide Insurance Stock Up 3.3%
SLDE traded up $0.60 during midday trading on Thursday, hitting $18.99. 2,181,181 shares of the company were exchanged, compared to its average volume of 2,194,104. The company’s 50 day simple moving average is $17.84 and its 200 day simple moving average is $17.16. 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 1-year low of $12.53 and a 1-year high of $25.90.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on SLDE shares. Barclays increased their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods increased their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Wall Street Zen lowered shares of Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Piper Sandler raised their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Slide Insurance has an average rating of “Buy” and an average price target of $24.40.
Get Our Latest Stock Report on Slide Insurance
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Comerica Bank increased its holdings in shares of Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 1,281 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Slide Insurance by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock worth $313,000 after buying an additional 1,704 shares during the last quarter. CWM LLC acquired a new stake in shares of Slide Insurance during the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Slide Insurance during the 3rd quarter worth approximately $35,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Slide Insurance during the 4th quarter worth approximately $47,000.
Slide Insurance Company Profile
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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