Slide Insurance (NASDAQ:SLDE) Insider Sells $71,578.00 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 2,600 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $27.53, for a total value of $71,578.00. Following the completion of the transaction, the insider directly owned 2,600 shares in the company, valued at approximately $71,578. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Matthew Paul Larson also recently made the following trade(s):

• On Thursday, October 22nd, Matthew Larson sold 11,150 shares of Slide Insurance stock. The stock was sold at an average price of $27.55, for a total value of $307,182.50.
• On Monday, September 14th, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $26.00, for a total transaction of $295,724.00.
• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The stock was sold at an average price of $24.62, for a total value of $280,027.88.

Slide Insurance Stock Up 2.9%

Shares of SLDE stock opened at $28.55 on Friday. 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 Holdings, Inc. has a 52 week low of $15.11 and a 52 week high of $28.69. The company’s fifty day simple moving average is $24.48 and its two-hundred day simple moving average is $20.94. The stock has a market cap of $3.33 billion, a P/E ratio of 6.96 and a beta of 0.13.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. Analysts predict that Slide Insurance Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Slide Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. Slide Insurance’s payout ratio is presently 6.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SLDE shares. Weiss Ratings raised Slide Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Citizens Jmp boosted their price target on Slide Insurance from $27.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, October 12th. Morgan Stanley set a $22.00 target price on Slide Insurance in a research note on Monday, August 3rd. Keefe, Bruyette & Woods raised their price target on shares of Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen raised shares of Slide Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Slide Insurance has a consensus rating of “Moderate Buy” and an average price target of $25.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its position in shares of Slide Insurance by 8.4% in the 1st quarter. Hsbc Holdings PLC now owns 21,251 shares of the company’s stock valued at $384,000 after purchasing an additional 1,641 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Slide Insurance during the 2nd quarter worth $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Slide Insurance during the 2nd quarter worth $40,000. California State Teachers Retirement System lifted its position in shares of Slide Insurance by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 25,318 shares of the company’s stock worth $456,000 after purchasing an additional 2,189 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Slide Insurance during the first quarter worth $42,000.

Slide Insurance Company Profile

Slide Insurance Holdings, Inc is a technology-enabled property and casualty insurance company focused primarily on residential homeowners insurance. Through its digital platform, the company uses data, automation and analytics to support the quoting, underwriting, policy administration and claims processes.

Slide offers homeowners coverage designed to protect residential properties and personal belongings against covered risks, along with related liability protection and optional coverage features.