Slide Insurance Holdings, Inc. (SLDE) To Go Ex-Dividend on August 14th

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 14th will be given a dividend of 0.07 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th.

Slide Insurance Stock Performance

Shares of Slide Insurance stock opened at $20.62 on Wednesday. The company has a market cap of $2.41 billion, a PE ratio of 5.03 and a beta of -0.04. Slide Insurance has a 52 week low of $12.53 and a 52 week high of $23.00. The business has a 50 day moving average price of $19.34 and a 200-day moving average price of $18.43. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.02.

Slide Insurance (NASDAQ:SLDE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.18. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%. The business had revenue of $386.82 million for the quarter. Equities analysts anticipate that Slide Insurance will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SLDE. Keefe, Bruyette & Woods increased their price target on Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Citigroup reiterated an “outperform” rating on shares of Slide Insurance in a research note on Thursday, July 30th. Barclays boosted their price target on shares of Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $22.00 price target on shares of Slide Insurance in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.40.

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.