Shannon Lucas Sells 6,647 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 6,647 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $18.88, for a total value of $125,495.36. Following the completion of the sale, the chief operating officer owned 1,308,133 shares in the company, valued at $24,697,551.04. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 1st, Shannon Lucas sold 8,450 shares of Slide Insurance stock. The stock was sold at an average price of $18.77, for a total value of $158,606.50.
• On Wednesday, April 29th, Shannon Lucas sold 18,917 shares of Slide Insurance stock. The stock was sold at an average price of $19.24, for a total value of $363,963.08.
• On Tuesday, April 28th, Shannon Lucas sold 15,251 shares of Slide Insurance stock. The stock was sold at an average price of $18.94, for a total value of $288,853.94.
• On Monday, April 27th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.75, for a total value of $253,125.00.
• On Monday, April 20th, Shannon Lucas sold 11,676 shares of Slide Insurance stock. The shares were sold at an average price of $19.55, for a total value of $228,265.80.
• 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 transaction of $340,486.96.
• 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 transaction 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 transaction 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 transaction 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 transaction of $203,094.00.

Slide Insurance Stock Up 1.0%

Shares of SLDE opened at $18.61 on Wednesday. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90. The firm has a market cap of $2.13 billion and a P/E ratio of 5.17. The firm’s 50-day simple moving average is $18.23 and its 200 day simple moving average is $17.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.33.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.20. Slide Insurance had a net margin of 38.86% and a return on equity of 48.38%. The firm had revenue of $389.28 million during the quarter. On average, analysts forecast that Slide Insurance Holdings, Inc. will post 3.36 earnings per share for the current year.

Slide Insurance declared that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Key Stories Impacting Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California to address a shrinking market and expand its coastal-specialty footprint — a clear growth and market-share move for a high-demand state. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Recent quarterly results and capital actions support valuation: Slide beat EPS estimates and reported strong margins/ROE, and management authorized a $100M buyback (represents roughly ~4% of shares) — both are constructive for earnings per share and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Analyst coverage remains largely bullish with several firms raising price targets (e.g., Barclays raised its PT), supporting a consensus “Moderate Buy” view and a mid-$20s target. Analyst notes
• Neutral Sentiment: Some institutional flows show modest adjustments (small buys by a few funds) — not large enough to materially shift control but worth monitoring for trend changes. Institutional holdings summary
• Negative Sentiment: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ~152k shares, proceeds ≈ $2.9M) — a sizeable, disclosed insider sale that can raise short-term investor concern. SEC Filing
• Negative Sentiment: COO Shannon Lucas has been selling repeatedly in recent weeks (multiple transactions totaling tens of thousands of shares), trimming her stake — adds to the week’s insider selling signal. SEC Filing
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a sharp decline in CFO ownership that some investors may view as a governance/alignment concern. SEC Filing
• Negative Sentiment: Additional insider selling (e.g., Charles William Powell) further increases supply pressure and may weigh on near-term sentiment. Article: Powell Sells Shares

Institutional Investors Weigh In On Slide Insurance

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Slide Insurance in the 2nd quarter valued at $33,063,000. Capital World Investors lifted its position in shares of Slide Insurance by 49.4% during the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock valued at $70,767,000 after acquiring an additional 1,483,180 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Slide Insurance by 314.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after purchasing an additional 1,045,826 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Slide Insurance by 1,375.7% during the 4th quarter. HB Wealth Management LLC now owns 892,586 shares of the company’s stock worth $17,388,000 after purchasing an additional 832,102 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Slide Insurance in the fourth quarter worth $13,016,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler boosted their price target on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Keefe, Bruyette & Woods lifted their target price on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. Barclays boosted their target price on shares of Slide Insurance from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.80.

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.