Robert Gries, Jr. Sells 28,212 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Posted by Stanley Muller on Jul 10th, 2026

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) Director Robert Gries, Jr. sold 28,212 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $21.04, for a total transaction of $593,580.48. Following the completion of the sale, the director owned 1,749,145 shares of the company’s stock, valued at approximately $36,802,010.80. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Slide Insurance Price Performance

NASDAQ SLDE opened at $20.81 on Friday. The firm’s fifty day simple moving average is $18.33 and its two-hundred day simple moving average is $18.03. The firm has a market capitalization of $2.38 billion and a P/E ratio of 5.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.03. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $21.79.

Slide Insurance (NASDAQ:SLDE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.82 by $0.20. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%.The firm had revenue of $389.28 million during the quarter. Analysts forecast that Slide Insurance Holdings, Inc. will post 3.59 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SLDE shares. Keefe, Bruyette & Woods boosted their price target on Slide Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays decreased their price objective on shares of Slide Insurance from $31.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday. Wall Street Zen upgraded shares of Slide Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price objective (down from $23.00) on shares of Slide Insurance in a research note on Monday. Finally, Zacks Research downgraded Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Slide Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Read Our Latest Report on Slide Insurance

Institutional Trading of Slide Insurance

Several large investors have recently made changes to their positions in SLDE. Janus Henderson Group PLC increased its stake in shares of Slide Insurance by 1,151.3% in the first quarter. Janus Henderson Group PLC now owns 172,683 shares of the company’s stock worth $3,108,000 after acquiring an additional 158,883 shares during the period. California State Teachers Retirement System boosted its holdings in Slide Insurance by 9.5% in the first quarter. California State Teachers Retirement System now owns 25,318 shares of the company’s stock valued at $456,000 after purchasing an additional 2,189 shares during the last quarter. Royal Bank of Canada grew its position in Slide Insurance by 221.0% during the 1st quarter. Royal Bank of Canada now owns 5,993 shares of the company’s stock worth $109,000 after purchasing an additional 4,126 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Slide Insurance during the 1st quarter valued at about $655,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Slide Insurance during the 1st quarter valued at about $953,000.

About Slide Insurance

(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.