Fifth Third Bancorp Raises Stock Holdings in Slide Insurance Holdings, Inc. $SLDE

Posted by Geri Gentry on Jul 16th, 2026

Fifth Third Bancorp boosted its position in Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Free Report) by 10.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,202 shares of the company’s stock after purchasing an additional 41,655 shares during the quarter. Fifth Third Bancorp’s holdings in Slide Insurance were worth $7,618,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC purchased a new stake in shares of Slide Insurance in the 2nd quarter worth about $2,245,000. Legal & General Group Plc purchased a new position in Slide Insurance during the 2nd quarter valued at about $216,000. Norges Bank bought a new stake in Slide Insurance during the second quarter worth about $866,000. Marshall Wace LLP bought a new stake in Slide Insurance during the second quarter worth about $1,056,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Slide Insurance in the second quarter worth about $834,000.

Analyst Ratings Changes

SLDE has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Slide Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Zacks Research downgraded Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Slide Insurance in a research report on Wednesday, May 6th. Texas Capital upgraded Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Barclays dropped their target price on Slide Insurance from $31.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Slide Insurance currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Read Our Latest Report on Slide Insurance

Slide Insurance Stock Down 5.5%

NASDAQ:SLDE opened at $19.74 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $2.26 billion and a P/E ratio of 5.48. Slide Insurance Holdings, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $21.79. The firm has a 50-day simple moving average of $18.50 and a two-hundred day simple moving average of $18.07.

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

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

Insiders Place Their Bets

In related news, CEO Bruce Lucas sold 455,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $19.06, for a total value of $8,672,300.00. Following the transaction, the chief executive officer directly owned 35,429,165 shares of the company’s stock, valued at approximately $675,279,884.90. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 3,374,100 shares of company stock valued at $63,644,818. 50.80% of the stock is owned by insiders.

Slide Insurance Profile

(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.