Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) announced a special dividend on Tuesday, October 27th. Shareholders of record on Monday, November 23rd will be given a dividend of $1.50 per share on Monday, November 30th. The ex-dividend date is Monday, November 23rd.
Slide Insurance Stock Down 4.2%
SLDE stock opened at $27.19 on Thursday. Slide Insurance has a fifty-two week low of $15.11 and a fifty-two week high of $29.15. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.63 and a beta of 0.13. The business’s 50 day moving average price is $24.80 and its two-hundred day moving average price is $20.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.23.
Slide Insurance (NASDAQ:SLDE – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.44. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%. The company had revenue of $361.05 million during the quarter, compared to analysts’ expectations of $398.08 million. As a group, analysts forecast that Slide Insurance will post 3.84 earnings per share for the current fiscal year.
Insider Transactions at Slide Insurance
In other news, Director Robert Gries, Jr. sold 107,510 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $24.44, for a total transaction of $2,627,544.40. Following the transaction, the director directly owned 1,585,211 shares of the company’s stock, valued at $38,742,556.84. This represents a 6.35% 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. Also, Director Stephen Rohde sold 7,500 shares of Slide Insurance stock in a transaction dated 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 sale, the director owned 7,500 shares of the company’s stock, valued at $198,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 258,892 shares of company stock worth $6,228,294 over the last quarter. 50.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Slide Insurance
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in Slide Insurance during the second quarter valued at about $39,000. Meeder Asset Management Inc. bought a new stake in Slide Insurance in the second quarter worth $40,000. State of Wyoming bought a new position in Slide Insurance during the first quarter valued at $42,000. Public Employees Retirement System of Ohio bought a new position in Slide Insurance during the second quarter valued at $85,000. Finally, Royal Bank of Canada increased its holdings in shares of Slide Insurance by 221.0% in the 1st quarter. Royal Bank of Canada now owns 5,993 shares of the company’s stock worth $109,000 after buying an additional 4,126 shares during the last quarter.
Slide Insurance Company Profile
Slide Insurance Holdings, Inc is a technology-enabled property and casualty insurance company focused primarily on residential homeowners insurance. Through its digital platform, the company uses data, automation and analytics to support the quoting, underwriting, policy administration and claims processes.
Slide offers homeowners coverage designed to protect residential properties and personal belongings against covered risks, along with related liability protection and optional coverage features.
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