Shannon Lucas Sells 11,700 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 11,700 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $18.23, for a total transaction of $213,291.00. Following the completion of the sale, the chief operating officer directly owned 1,597,341 shares in the company, valued at $29,119,526.43. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total transaction of $444,003.56.
• On Thursday, March 5th, Shannon Lucas sold 17,075 shares of Slide Insurance stock. The stock was sold at an average price of $19.37, for a total transaction of $330,742.75.

Slide Insurance Stock Performance

Slide Insurance stock opened at $17.70 on Wednesday. Slide Insurance Holdings, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $25.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $2.20 billion and a P/E ratio of 6.86. The firm’s fifty day moving average price is $17.51 and its 200-day moving average price is $16.48.

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

Key Slide Insurance News

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

• Positive Sentiment: Slide reported a strong Q4 beat in late Feb (EPS $1.23 vs. $0.87 est.), which supports valuation and helped analyst upgrades. Earnings / Company Page
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $23 (from $22) and kept an “outperform” rating — implying material upside vs. current levels and providing a medium-term positive catalyst. Benzinga
• Neutral Sentiment: Institutional ownership is sizable and rising (Capital World, Vanguard, Balyasny, others added positions), which can stabilize shares but is a longer-term factor rather than an immediate catalyst. MarketBeat — Institutional Holdings
• Neutral Sentiment: Industry/peer comparison pieces (e.g., vs. Exzeo Group) provide relative-value context for investors but do not by themselves move the stock. Monitor sector flows and competitor developments. Comparing Exzeo Group & Slide Insurance
• Negative Sentiment: Large insider selling this week likely weighed on the stock: CEO Bruce Lucas sold a series of blocks (241,493 on Mar 6 at ~$19.37; 172,644 on Mar 5 at ~$19.37; and 118,300 on Mar 9 at ~$18.23 — total ~532,437 shares) and COO Shannon Lucas sold multiple blocks (total ~52,659 shares across Mar 5–9). Combined sales ≈585,096 shares (~$10–11M of proceeds). While these reduce holdings by fractions of their stakes, the concentrated, high-dollar supply can create near-term downward pressure. SEC filings: CEO CEO Filing; COO COO Filing

Hedge Funds Weigh In On Slide Insurance

Several institutional investors and hedge funds have recently bought and sold shares of SLDE. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $49,000 after purchasing an additional 2,468 shares during the period. Invesco Ltd. boosted its stake in shares of Slide Insurance by 35.1% during the fourth quarter. Invesco Ltd. now owns 20,066 shares of the company’s stock valued at $391,000 after purchasing an additional 5,212 shares during the period. Vident Advisory LLC purchased a new stake in shares of Slide Insurance during the fourth quarter valued at approximately $859,000. State of Tennessee Department of Treasury grew its holdings in shares of Slide Insurance by 29.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 13,479 shares of the company’s stock worth $263,000 after purchasing an additional 3,079 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Slide Insurance in the fourth quarter worth approximately $1,277,000.

Analyst Ratings Changes

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

About Slide Insurance

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.