Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) Director Stephen Rohde sold 7,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $26.40, for a total value of $198,000.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately $198,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Slide Insurance Stock Performance
NASDAQ:SLDE traded down $0.81 during mid-day trading on Wednesday, hitting $25.67. 1,605,881 shares of the company traded hands, compared to its average volume of 1,442,536. The stock’s fifty day moving average price is $22.13 and its 200-day moving average price is $19.60. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $26.75. 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 firm has a market cap of $3.00 billion, a price-to-earnings ratio of 6.26 and a beta of 0.07.
Slide Insurance (NASDAQ:SLDE – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.06 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 firm had revenue of $386.82 million for the quarter. Research analysts anticipate that Slide Insurance Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.
Slide Insurance Announces Dividend
Hedge Funds Weigh In On Slide Insurance
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Slide Insurance in the 2nd quarter worth $98,538,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Slide Insurance by 298.0% during the 1st 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. Lazard Asset Management LLC grew its position in shares of Slide Insurance by 27.2% during the first quarter. Lazard Asset Management LLC now owns 849,967 shares of the company’s stock valued at $15,299,000 after purchasing an additional 181,795 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Slide Insurance during the second quarter valued at about $14,530,000. Finally, Man Group plc bought a new stake in shares of Slide Insurance in the second quarter worth about $12,229,000.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SLDE. Citizens Jmp increased their price objective on shares of Slide Insurance from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Morgan Stanley set a $22.00 target price on shares of Slide Insurance in a report on Monday, August 3rd. Weiss Ratings upgraded Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Wall Street Zen cut Slide Insurance from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $25.40.
Check Out Our Latest Research Report on SLDE
About Slide Insurance
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.
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