Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) insider Matthew Paul Larson sold 44,752 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $20.02, for a total value of $895,935.04. Following the completion of the transaction, the insider owned 1,250 shares of the company’s stock, valued at $25,025. This trade represents a 97.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Matthew Paul Larson also recently made the following trade(s):
- On Monday, April 27th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.77, for a total transaction of $211,162.50.
- On Monday, April 20th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.39, for a total transaction of $218,137.50.
- On Thursday, April 16th, Matthew Paul Larson sold 8,750 shares of Slide Insurance stock. The stock was sold at an average price of $19.00, for a total value of $166,250.00.
- On Monday, April 13th, Matthew Paul Larson sold 10,000 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00.
- On Monday, April 6th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $202,500.00.
- On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total transaction of $202,500.00.
- On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $202,500.00.
- On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $19.01, for a total transaction of $213,862.50.
Slide Insurance Trading Down 2.4%
Shares of SLDE stock opened at $18.41 on Thursday. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $18.16 and a two-hundred day moving average price of $17.38. The firm has a market cap of $2.29 billion and a P/E ratio of 5.11.
Slide Insurance declared that its Board of Directors has initiated a stock repurchase program on Tuesday, April 28th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
Institutional Trading of Slide Insurance
A number of hedge funds and other institutional investors have recently modified their holdings of SLDE. Capital World Investors boosted its stake in shares of Slide Insurance by 49.4% in the third quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after acquiring an additional 1,483,180 shares during the period. Vanguard Group Inc. increased its holdings in Slide Insurance by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 2,761,819 shares of the company’s stock valued at $53,800,000 after acquiring an additional 354,321 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Slide Insurance by 27.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,758,215 shares of the company’s stock valued at $34,250,000 after acquiring an additional 380,161 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Slide Insurance in the 2nd quarter worth $33,063,000. Finally, Freestone Grove Partners LP boosted its holdings in shares of Slide Insurance by 50.3% during the 4th quarter. Freestone Grove Partners LP now owns 986,543 shares of the company’s stock valued at $19,218,000 after purchasing an additional 330,165 shares during the last quarter.
Analysts Set New Price Targets
SLDE has been the subject of a number of recent analyst reports. Texas Capital raised Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Keefe, Bruyette & Woods increased their price objective on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. Piper Sandler upped their target price on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Wall Street Zen cut shares of Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Barclays lifted their price objective on Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.80.
Read Our Latest Research Report on SLDE
Key Stories Impacting Slide Insurance
Here are the key news stories impacting Slide Insurance this week:
- Positive Sentiment: Slide beat Q1 expectations: $1.02 EPS vs. $0.82 expected, revenue of $389.3M, gross premiums written +49.1% YoY, net income +50.8% and a 55.5% combined ratio — a clear operational outperformance that supports valuation. Q1 Press Release
- Positive Sentiment: The board approved a $100M share repurchase program (up to ~4.3% of shares outstanding), which is typically supportive of the stock and signals management believes shares are undervalued. Repurchase Announcement
- Positive Sentiment: Notable institutional interest: David Einhorn opened a new position and several large funds have recently increased holdings — institutional buying can attract further investor attention. Einhorn Position
- Neutral Sentiment: Local recognition as a 2026 “Best Places to Work” — positive for talent retention but unlikely to move the stock materially in the near term. Best Places to Work
- Negative Sentiment: Significant insider selling: CEO Bruce Lucas and COO Shannon Lucas executed multiple large sales over April (totaling millions of dollars and several hundred thousand shares across days). Heavy, repeated insider disposals can signal liquidity needs or prompt investor caution and likely put near-term downward pressure on the share price. Insider Trades Alert
- Negative Sentiment: Zacks downgraded SLDE from “strong-buy” to “hold,” which can trigger short-term selling by momentum investors despite the quarter beat. Zacks Downgrade
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.
Further Reading
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