Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Declares $0.07 Quarterly Dividend

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.07 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Slide Insurance Trading Up 2.9%

Shares of NASDAQ SLDE opened at $20.85 on Tuesday. Slide Insurance has a 1-year low of $12.53 and a 1-year high of $21.79. The company has a 50-day moving average of $18.79 and a two-hundred day moving average of $18.14. The company has a market cap of $2.39 billion and a PE ratio of 5.79. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.03.

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Slide Insurance (NASDAQ:SLDE – Get Free Report) last released 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 business 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 analysts expect that Slide Insurance will post 3.59 earnings per share for the current fiscal year.

Slide Insurance declared that its board has authorized a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Slide Insurance Company Profile

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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.

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