Slide Insurance (NASDAQ:SLDE) Director Stephen Rohde Sells 7,500 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 7,500 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $26.40, for a total transaction of $198,000.00. Following the transaction, the director owned 7,500 shares in the company, valued at approximately $198,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Slide Insurance Trading Down 3.1%

Shares of SLDE stock opened at $25.67 on Thursday. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $26.75. The firm has a 50 day moving average price of $22.23 and a two-hundred day moving average price of $19.64. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.00 billion, a PE ratio of 6.26 and a beta of 0.07.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.18. The company had revenue of $386.82 million for the quarter. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%. As a group, analysts predict that Slide Insurance Holdings, Inc. will post 3.79 earnings per share for the current year.

Slide Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 14th. This represents a $0.28 annualized dividend and a yield of 1.1%. Slide Insurance’s dividend payout ratio (DPR) is presently 6.83%.

Wall Street Analyst Weigh In

Several research firms recently commented on SLDE. Citigroup restated an “outperform” rating on shares of Slide Insurance in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Morgan Stanley set a $22.00 price objective on shares of Slide Insurance in a report on Monday, August 3rd. Wall Street Zen lowered shares of Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Barclays raised their target price on shares of Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $25.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SLDE. BlackRock Inc. bought a new stake in Slide Insurance during the second quarter worth about $98,538,000. Arrowstreet Capital Limited Partnership raised its position in shares of Slide Insurance by 298.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,687,802 shares of the company’s stock valued at $48,380,000 after buying an additional 2,012,428 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Slide Insurance by 27.2% in the 1st quarter. Lazard Asset Management LLC now owns 849,967 shares of the company’s stock valued at $15,299,000 after buying an additional 181,795 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Slide Insurance during the 2nd quarter worth approximately $14,530,000. Finally, Man Group plc bought a new stake in shares of Slide Insurance during the 2nd quarter worth approximately $12,229,000.

Slide Insurance Company Profile

Slide Insurance is a technology-enabled property and casualty insurance company focused on personal residential coverage. Through its insurance operations, the company provides homeowners insurance and related products designed to protect homes and personal property against covered risks, including weather-related events.

Slide uses data-driven underwriting, digital tools and automated claims and policy-management capabilities to support the distribution and servicing of insurance policies.