Slide Insurance (NASDAQ:SLDE) Insider Sells 2,600 Shares of Company Stock

by · The Markets Daily

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) insider Matthew Larson sold 2,600 shares of Slide Insurance stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $27.53, for a total transaction of $71,578.00. Following the sale, the insider directly owned 2,600 shares in the company, valued at $71,578. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, September 14th, Matthew Larson sold 11,374 shares of Slide Insurance stock. The stock was 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 transaction of $280,027.88.

Slide Insurance Stock Up 2.4%

NASDAQ SLDE traded up $0.64 on Thursday, hitting $27.75. 1,388,814 shares of the stock traded hands, compared to its average volume of 1,424,746. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.24 billion, a P/E ratio of 6.77 and a beta of 0.13. Slide Insurance Holdings, Inc. has a twelve month low of $14.56 and a twelve month high of $27.97. The stock has a 50-day moving average of $24.23 and a 200 day moving average of $20.82.

Slide Insurance (NASDAQ:SLDE – Get Free Report) last released 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. The firm had revenue of $386.82 million during the quarter. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%. As a group, analysts expect that Slide Insurance Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Slide Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. Slide Insurance’s dividend payout ratio is currently 6.83%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Slide Insurance in the second quarter valued at approximately $98,538,000. Arrowstreet Capital Limited Partnership lifted its holdings in Slide Insurance by 298.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,687,802 shares of the company’s stock worth $48,380,000 after purchasing an additional 2,012,428 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Slide Insurance by 27.2% in the first quarter. Lazard Asset Management LLC now owns 849,967 shares of the company’s stock valued at $15,299,000 after acquiring an additional 181,795 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Slide Insurance in the second quarter valued at $14,530,000. Finally, Man Group plc bought a new stake in Slide Insurance in the second quarter worth about $12,229,000.

Wall Street Analysts Forecast Growth

SLDE has been the topic of a number of recent research reports. Weiss Ratings raised shares of Slide Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods upped their target price on Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Citizens Jmp upped their target price on Slide Insurance from $27.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, October 12th. Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Barclays raised their price target on Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.60.

Read Our Latest Stock Analysis on Slide Insurance

Slide Insurance Company Profile

(Get Free Report)

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.

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