Bruce Lucas Sells 8,771 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDEGet Free Report) CEO Bruce Lucas sold 8,771 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $18.01, for a total value of $157,965.71. Following the sale, the chief executive officer directly owned 38,266,626 shares in the company, valued at approximately $689,181,934.26. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,448,951.84.
  • On Tuesday, March 31st, Bruce Lucas sold 247,008 shares of Slide Insurance stock. The shares were sold at an average price of $18.10, for a total transaction of $4,470,844.80.
  • On Thursday, March 26th, Bruce Lucas sold 178,733 shares of Slide Insurance stock. The shares were sold at an average price of $18.04, for a total transaction of $3,224,343.32.
  • On Tuesday, March 17th, Bruce Lucas sold 98,716 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total transaction of $1,820,323.04.
  • On Monday, March 16th, Bruce Lucas sold 227,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total transaction of $4,124,575.00.
  • On Wednesday, March 11th, Bruce Lucas sold 2,730 shares of Slide Insurance stock. The shares were sold at an average price of $17.42, for a total transaction of $47,556.60.
  • On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total transaction of $2,156,609.00.
  • On Friday, March 6th, Bruce Lucas sold 241,493 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total value of $4,489,354.87.
  • On Thursday, March 5th, Bruce Lucas sold 172,644 shares of Slide Insurance stock. The shares were sold at an average price of $19.37, for a total value of $3,344,114.28.

Slide Insurance Price Performance

Slide Insurance stock opened at $18.00 on Friday. 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 has a market capitalization of $2.24 billion and a price-to-earnings ratio of 6.98. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90. The business has a fifty day moving average price of $17.58 and a 200-day moving average price of $16.93.

Slide Insurance (NASDAQ:SLDEGet Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (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.

Wall Street Analyst Weigh In

Several brokerages recently commented on SLDE. Keefe, Bruyette & Woods increased their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Barclays lifted their price objective on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $24.40.

View Our Latest Report on SLDE

Institutional Investors Weigh In On Slide Insurance

A number of institutional investors and hedge funds have recently modified their holdings of SLDE. Comerica Bank boosted its position in Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares during the last quarter. CWM LLC purchased a new position in Slide Insurance during the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance during the 3rd quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Slide Insurance in the 4th quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after acquiring an additional 2,468 shares during the last quarter.

Slide Insurance News Roundup

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

  • Positive Sentiment: Analysts and research houses have pushed price targets higher and maintained a bullish consensus (MarketBeat notes several upgrades and an average target ~ $24.40), which supports demand / valuation sentiment. MarketBeat — SLDE analyst coverage
  • Positive Sentiment: Institutional investors have been adding to positions (Capital World Investors, Vanguard, Balyasny and others increased or initiated stakes), a sign of confidence from large, longer-term holders that can underpin the share price. MarketBeat — institutional holdings
  • Positive Sentiment: Fundamentals: Slide reported a strong February-quarter earnings beat (EPS $1.23 vs. $0.87 estimate) and solid revenue, which gives traders a fundamental rationale to buy ahead of the April quarter update. MarketBeat — earnings summary
  • Neutral Sentiment: Near-term catalyst — Slide will report 2026 Q1 results after the close on April 28; that event may drive volatility and could swing sentiment depending on guidance and loss ratio trends. GlobeNewswire — Q1 release date
  • Negative Sentiment: CEO Bruce Lucas executed large sales across March 30–31 and April 1 (aggregate ~391k shares, ~$7.1M at ~ $18.09 avg), creating a sizable near-term increase in sell-side supply that markets often view negatively. SEC filing — Bruce Lucas sales
  • Negative Sentiment: COO Shannon Lucas sold multiple blocks in March–April (aggregate ~38.7k shares, ~ $700k), a clustered insider selling pattern that can weigh on near-term sentiment despite her retaining a large stake. SEC filing — Shannon Lucas sales
  • Negative Sentiment: Other insider sales: Matthew Paul Larson sold 11,250 shares (~$202.5k at $18), adding to the week’s pattern of insider exits. Clustered insider selling often triggers short-term caution even when sales may be for diversification or liquidity. SEC filing — Matthew Paul Larson

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.

Further Reading

Insider Buying and Selling by Quarter for Slide Insurance (NASDAQ:SLDE)

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