Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) insider Matthew Larson sold 11,374 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $24.62, for a total value of $280,027.88. Following the completion of the transaction, the insider owned 11,374 shares in the company, valued at approximately $280,027.88. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Matthew Paul Larson also recently made the following trade(s):
- On Wednesday, June 10th, Matthew Larson sold 13,750 shares of Slide Insurance stock. The stock was sold at an average price of $17.07, for a total value of $234,712.50.
Slide Insurance Stock Down 1.1%
SLDE opened at $24.45 on Friday. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.09. The firm has a 50 day moving average price of $21.84 and a 200 day moving average price of $19.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $2.86 billion, a PE ratio of 5.96 and a beta of 0.07.
Slide Insurance Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.28 annualized dividend and a yield of 1.1%. Slide Insurance’s dividend payout ratio (DPR) is 6.83%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SLDE. Morgan Stanley set a $22.00 price target on shares of Slide Insurance in a report on Monday, August 3rd. Citizens Jmp upped their price objective on shares of Slide Insurance from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods raised their target price on Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Citigroup reaffirmed an “outperform” rating on shares of Slide Insurance in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Two equities research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $25.40.
Read Our Latest Research Report on SLDE
Institutional Trading of Slide Insurance
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new stake in Slide Insurance in the second quarter valued at $2,245,000. Legal & General Group Plc acquired a new position in Slide Insurance during the 2nd quarter worth $216,000. Norges Bank acquired a new position in Slide Insurance during the 2nd quarter worth $866,000. Marshall Wace LLP bought a new stake in shares of Slide Insurance in the 2nd quarter worth about $1,056,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Slide Insurance in the 2nd quarter worth about $834,000.
Slide Insurance Company Profile
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.
Featured Articles
- Five stocks we like better than Slide Insurance
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for Slide Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slide Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
