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

Posted by Brian Himes on Aug 6th, 2026

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) Director Robert Gries, Jr. sold 28,212 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $20.33, for a total transaction of $573,549.96. Following the transaction, the director owned 1,720,933 shares of the company’s stock, valued at $34,986,567.89. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Slide Insurance Trading Up 0.4%

NASDAQ SLDE opened at $20.74 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $23.00. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 5.06 and a beta of -0.04. The business’s fifty day moving average is $19.10 and its 200 day moving average is $18.30.

Slide Insurance (NASDAQ:SLDE – Get Free Report) last issued its quarterly earnings data 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. 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 expect that Slide Insurance Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Slide Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Slide Insurance’s payout ratio is currently 6.83%.

Slide Insurance declared that its board has initiated a stock repurchase program on Tuesday, April 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Slide Insurance

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its stake in shares of Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 1,281 shares in the last quarter. CWM LLC bought a new position in Slide Insurance during the fourth quarter worth $35,000. Ameritas Investment Partners Inc. bought a new position in Slide Insurance during the third quarter worth $35,000. State of Wyoming acquired a new stake in Slide Insurance in the first quarter worth $42,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Slide Insurance in the fourth quarter valued at $47,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Slide Insurance in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Slide Insurance from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley set a $22.00 price target on shares of Slide Insurance in a research report on Monday. Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Barclays lifted their price objective on Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Slide Insurance has a consensus rating of “Buy” and an average price target of $25.40.

Check Out Our Latest Report on SLDE

Slide Insurance Company Profile

(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.