Shannon Lucas Sells 11,676 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDEGet Free Report) COO Shannon Lucas sold 11,676 shares of Slide Insurance stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $19.55, for a total value of $228,265.80. Following the completion of the transaction, the chief operating officer owned 1,370,898 shares in the company, valued at approximately $26,801,055.90. This represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shannon Lucas also recently made the following trade(s):

  • On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total value of $340,486.96.
  • On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.

Slide Insurance Stock Down 3.1%

NASDAQ SLDE opened at $18.22 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $2.27 billion and a PE ratio of 7.06. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. The business’s 50-day moving average is $18.02 and its 200 day moving average is $17.29.

Slide Insurance (NASDAQ:SLDEGet Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million during the quarter. Sell-side analysts forecast that Slide Insurance Holdings, Inc. will post 3.26 earnings per share for the current year.

Institutional Trading of Slide Insurance

Large investors have recently bought and sold shares of the company. Great Lakes Advisors LLC bought a new stake in Slide Insurance during the 3rd quarter valued at approximately $3,113,000. HB Wealth Management LLC purchased a new position in shares of Slide Insurance during the third quarter valued at approximately $955,000. Cyndeo Wealth Partners LLC purchased a new position in shares of Slide Insurance during the fourth quarter valued at approximately $2,235,000. Federated Hermes Inc. purchased a new position in shares of Slide Insurance during the third quarter valued at approximately $9,471,000. Finally, Quantbot Technologies LP purchased a new position in shares of Slide Insurance during the third quarter valued at approximately $871,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SLDE. Piper Sandler lifted their price objective on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Zacks Research raised Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Texas Capital raised Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Slide Insurance has a consensus rating of “Buy” and a consensus target price of $24.40.

Read Our Latest Analysis on Slide Insurance

About Slide Insurance

(Get Free Report)

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

Insider Buying and Selling by Quarter for Slide Insurance (NASDAQ:SLDE)

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