Slide Insurance (NASDAQ:SLDE) Insider Matthew Paul Larson Sells 11,250 Shares

by · The Cerbat Gem

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) insider Matthew Paul Larson sold 11,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.01, for a total value of $213,862.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Slide Insurance Stock Up 0.3%

SLDE stock traded up $0.06 during trading on Thursday, hitting $19.47. 1,754,134 shares of the company’s stock were exchanged, compared to its average volume of 1,548,110. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The business has a 50-day moving average price of $17.61 and a two-hundred day moving average price of $16.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.30.

Slide Insurance (NASDAQ:SLDE – Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The company had revenue of $347.01 million for the quarter.

Analysts Set New Price Targets

A number of research firms recently commented on SLDE. Morgan Stanley boosted their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Piper Sandler boosted their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Barclays increased their price target on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.20.

View Our Latest Stock Report on SLDE

Institutional Trading of Slide Insurance

Hedge funds have recently modified their holdings of the stock. Great Lakes Advisors LLC bought a new position in Slide Insurance in the 3rd quarter worth approximately $3,113,000. American Century Companies Inc. purchased a new stake in shares of Slide Insurance in the second quarter worth $56,229,000. HB Wealth Management LLC purchased a new stake in shares of Slide Insurance during the 3rd quarter valued at about $955,000. Federated Hermes Inc. purchased a new position in shares of Slide Insurance during the 3rd quarter worth $9,471,000. Finally, Russell Investments Group Ltd. bought a new stake in Slide Insurance during the 2nd quarter valued at approximately $4,245,000.

Slide Insurance Company Profile

(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.

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