Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 17,075 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 17,075 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $19.37, for a total value of $330,742.75. Following the sale, the chief operating officer owned 1,632,925 shares of the company’s stock, valued at approximately $31,629,757.25. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 9th, Shannon Lucas sold 11,700 shares of Slide Insurance stock. The shares were sold at an average price of $18.23, for a total value of $213,291.00.
• On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The shares were sold at an average price of $18.59, for a total value of $444,003.56.

Slide Insurance Stock Performance

Slide Insurance stock opened at $17.70 on Tuesday. The company has a market cap of $2.20 billion and a price-to-earnings ratio of 6.86. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $25.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s 50-day moving average is $17.55 and its 200-day moving average is $16.45.

Slide Insurance (NASDAQ:SLDE) last issued its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLDE. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Barclays boosted their price objective on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods raised their target price on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Morgan Stanley lifted their price objective on shares of Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.40.

Institutional Investors Weigh In On Slide Insurance

A number of institutional investors have recently made changes to their positions in the company. American Century Companies Inc. acquired a new stake in shares of Slide Insurance during the second quarter worth $56,229,000. Raymond James Financial Inc. acquired a new position in shares of Slide Insurance in the 2nd quarter valued at about $33,063,000. Capital World Investors boosted its holdings in shares of Slide Insurance by 49.4% in the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock valued at $70,767,000 after buying an additional 1,483,180 shares during the period. Hood River Capital Management LLC bought a new stake in shares of Slide Insurance during the 2nd quarter valued at about $31,542,000. Finally, Balyasny Asset Management L.P. raised its stake in Slide Insurance by 314.8% during the third quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after acquiring an additional 1,045,826 shares during the period.

Slide Insurance News Roundup

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on SLDE to $23 (from $22) and kept an “outperform” rating — implying roughly 30% upside from current levels. This is a formal analyst endorsement that could support the stock over the medium term. Benzinga
• Neutral Sentiment: An industry comparison piece contrasts Slide Insurance with peers (Exzeo Group), useful for relative-value context but not a direct catalyst. Watch for peer moves and sector flows. Comparing Exzeo Group & Slide Insurance
• Negative Sentiment: Insider selling: CEO Bruce Lucas sold a total of 532,437 shares across Mar 5–9 (about $9.99M in proceeds) and COO Shannon Lucas sold 52,659 shares (about $0.99M). Combined insider sales ?585,096 shares (~$11M). While each sale reduced holdings by only ~0.3–1.5% and both executives still hold large stakes, the concentrated, high-dollar selling likely increased supply and pressured the stock today. SEC filings: CEO CEO Filing; COO COO Filing

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.