Insider Selling: Slide Insurance (NASDAQ:SLDE) Insider Sells 11,374 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDEGet Free Report) insider Matthew Larson sold 11,374 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $26.00, for a total value of $295,724.00. Following the sale, the insider directly owned 11,374 shares in the company, valued at $295,724. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Matthew Paul Larson also recently made the following trade(s):

  • On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $24.62, for a total value of $280,027.88.

Slide Insurance Price Performance

Shares of SLDE stock traded down $0.81 on Wednesday, reaching $25.67. The company’s stock had a trading volume of 1,605,881 shares, compared to its average volume of 1,442,536. The stock’s fifty day simple moving average is $22.13 and its 200-day simple moving average is $19.60. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $26.75. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.26 and a beta of 0.07. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02.

Slide Insurance (NASDAQ:SLDEGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.88 by $0.18. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%. The business had revenue of $386.82 million during the quarter. Analysts forecast that Slide Insurance Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Slide Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Slide Insurance’s dividend payout ratio (DPR) is presently 6.83%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen lowered Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Morgan Stanley set a $22.00 price objective on Slide Insurance in a research report on Monday, August 3rd. Citizens Jmp lifted their target price on Slide Insurance from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Slide Insurance in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.40.

View Our Latest Report on SLDE

Hedge Funds Weigh In On Slide Insurance

Large investors have recently bought and sold shares of the business. Comerica Bank boosted its stake in shares of Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after purchasing an additional 1,281 shares during the period. Global Retirement Partners LLC bought a new stake in Slide Insurance during the 2nd quarter valued at about $39,000. Meeder Asset Management Inc. purchased a new stake in Slide Insurance in the 2nd quarter valued at about $40,000. State of Wyoming purchased a new stake in Slide Insurance in the 1st quarter valued at about $42,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock worth $49,000 after acquiring an additional 2,468 shares in the last quarter.

About Slide Insurance

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Slide Insurance (NASDAQ:SLDE)

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