Insider Selling: Slide Insurance (NASDAQ:SLDE) Insider Sells $295,724.00 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 11,374 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $26.00, for a total value of $295,724.00. Following the transaction, the insider directly owned 11,374 shares of the company’s stock, valued at approximately $295,724. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matthew Paul Larson also recently made the following trade(s):

• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $24.62, for a total transaction of $280,027.88.

Slide Insurance Price Performance

Shares of NASDAQ SLDE opened at $24.95 on Friday. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 6.09 and a beta of 0.07. The business has a 50-day moving average of $22.39 and a 200-day moving average of $19.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 1.23. Slide Insurance Holdings, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $26.75.

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

Slide Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Slide Insurance’s dividend payout ratio is currently 6.83%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SLDE shares. Citizens Jmp boosted their target price on shares of Slide Insurance from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley set a $22.00 price objective on shares of Slide Insurance in a research note on Monday, August 3rd. Wall Street Zen raised shares of Slide Insurance from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research upgraded shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Slide Insurance currently has a consensus rating of “Buy” and a consensus target price of $25.40.

Hedge Funds Weigh In On Slide Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLDE. BlackRock Inc. acquired a new stake in Slide Insurance during the second quarter worth approximately $98,538,000. Arrowstreet Capital Limited Partnership grew its position in shares of Slide Insurance by 298.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,687,802 shares of the company’s stock valued at $48,380,000 after purchasing an additional 2,012,428 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Slide Insurance in the second quarter valued at approximately $14,530,000. Man Group plc bought a new position in shares of Slide Insurance during the second quarter worth approximately $12,229,000. Finally, Bank of America Corp DE acquired a new stake in Slide Insurance during the 2nd quarter worth approximately $10,954,000.

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.