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

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Paul Larson sold 11,250 shares of Slide Insurance stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.01, for a total value of $213,862.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Slide Insurance Price Performance

Shares of NASDAQ:SLDE opened at $18.48 on Friday. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.30 billion and a PE ratio of 7.16. The company’s 50 day moving average is $17.59 and its 200 day moving average is $16.40.

Slide Insurance (NASDAQ:SLDE) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Institutional Trading of Slide Insurance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in Slide Insurance in the second quarter valued at $1,333,000. Boston Partners purchased a new stake in shares of Slide Insurance during the 2nd quarter worth about $7,024,000. Geode Capital Management LLC acquired a new stake in shares of Slide Insurance during the 2nd quarter valued at about $2,245,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Slide Insurance during the 2nd quarter valued at about $2,667,000. Finally, Legal & General Group Plc purchased a new position in shares of Slide Insurance in the 2nd quarter valued at about $216,000.

Analyst Ratings Changes

SLDE has been the subject of a number of research reports. Zacks Research downgraded shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Morgan Stanley lifted their price objective on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Piper Sandler boosted their price objective on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a 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. Finally, Barclays raised their target price on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Slide Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.20.

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.