Shannon Lucas Sells 8,450 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 8,450 shares of Slide Insurance stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $18.77, for a total value of $158,606.50. Following the completion of the transaction, the chief operating officer owned 1,314,780 shares of the company’s stock, valued at approximately $24,678,420.60. This represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, May 4th, Shannon Lucas sold 6,647 shares of Slide Insurance stock. The shares were sold at an average price of $18.88, for a total value of $125,495.36.
• On Wednesday, April 29th, Shannon Lucas sold 18,917 shares of Slide Insurance stock. The shares were sold at an average price of $19.24, for a total value of $363,963.08.
• On Tuesday, April 28th, Shannon Lucas sold 15,251 shares of Slide Insurance stock. The stock was sold at an average price of $18.94, for a total value of $288,853.94.
• On Monday, April 27th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.75, for a total value of $253,125.00.
• On Monday, April 20th, Shannon Lucas sold 11,676 shares of Slide Insurance stock. The shares were sold at an average price of $19.55, for a total value of $228,265.80.
• On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total value of $340,486.96.
• On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The stock was sold at an average price of $18.05, for a total transaction of $462,459.05.
• On Thursday, April 9th, Shannon Lucas sold 27,069 shares of Slide Insurance stock. The shares were sold at an average price of $18.11, for a total transaction of $490,219.59.
• On Wednesday, April 8th, Shannon Lucas sold 12,008 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total transaction of $216,264.08.
• On Tuesday, April 7th, Shannon Lucas sold 11,283 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total transaction of $203,094.00.

Slide Insurance Price Performance

Slide Insurance stock opened at $18.61 on Wednesday. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $18.23 and a 200-day moving average price of $17.44. The firm has a market capitalization of $2.13 billion and a PE ratio of 5.17.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.82 by $0.20. The company had revenue of $389.28 million for the quarter. Slide Insurance had a net margin of 38.86% and a return on equity of 48.38%. As a group, equities research analysts forecast that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current year.

Slide Insurance declared that its board has approved a share repurchase plan on Tuesday, April 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Slide Insurance

A number of large investors have recently modified their holdings of SLDE. Comerica Bank grew its stake in Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 1,281 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Slide Insurance by 8.4% during the 1st quarter. Hsbc Holdings PLC now owns 21,251 shares of the company’s stock worth $384,000 after purchasing an additional 1,641 shares during the period. Price T Rowe Associates Inc. MD raised its position in Slide Insurance by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock valued at $313,000 after purchasing an additional 1,704 shares in the last quarter. CWM LLC purchased a new stake in shares of Slide Insurance in the 4th quarter worth $35,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Slide Insurance in the 3rd quarter worth $35,000.

Trending Headlines about Slide Insurance

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

• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California to address a shrinking market and expand its coastal-specialty footprint — a clear growth and market-share move for a high-demand state. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Recent quarterly results and capital actions support valuation: Slide beat EPS estimates and reported strong margins/ROE, and management authorized a $100M buyback (represents roughly ~4% of shares) — both are constructive for earnings per share and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Analyst coverage remains largely bullish with several firms raising price targets (e.g., Barclays raised its PT), supporting a consensus “Moderate Buy” view and a mid-$20s target. Analyst notes
• Neutral Sentiment: Some institutional flows show modest adjustments (small buys by a few funds) — not large enough to materially shift control but worth monitoring for trend changes. Institutional holdings summary
• Negative Sentiment: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ~152k shares, proceeds ≈ $2.9M) — a sizeable, disclosed insider sale that can raise short-term investor concern. SEC Filing
• Negative Sentiment: COO Shannon Lucas has been selling repeatedly in recent weeks (multiple transactions totaling tens of thousands of shares), trimming her stake — adds to the week’s insider selling signal. SEC Filing
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a sharp decline in CFO ownership that some investors may view as a governance/alignment concern. SEC Filing
• Negative Sentiment: Additional insider selling (e.g., Charles William Powell) further increases supply pressure and may weigh on near-term sentiment. Article: Powell Sells Shares

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SLDE shares. Barclays raised their price target on Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Texas Capital raised Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Wall Street Zen downgraded Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Finally, Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.80.

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.