Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.33.
A number of research firms recently weighed in on SLDE. Barclays boosted their target price on Slide Insurance from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Citizens Jmp increased their price target on shares of Slide Insurance from $28.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 28th. Keefe, Bruyette & Woods lifted their price target on shares of Slide Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of Slide Insurance from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Finally, Weiss Ratings raised shares of Slide Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th.
Check Out Our Latest Report on SLDE
Slide Insurance Trading Down 1.9%
NASDAQ SLDE opened at $25.94 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $25.38 and its two-hundred day simple moving average is $20.41. Slide Insurance has a twelve month low of $15.11 and a twelve month high of $29.15. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.90 and a beta of -0.19.
Slide Insurance (NASDAQ:SLDE – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.44. The firm had revenue of $361.05 million during the quarter, compared to analysts’ expectations of $398.08 million. Slide Insurance had a return on equity of 49.36% and a net margin of 39.28%. Research analysts forecast that Slide Insurance will post 3.99 EPS for the current fiscal year.
Slide Insurance Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be given a $1.50 dividend. The ex-dividend date is Monday, November 23rd. Slide Insurance’s dividend payout ratio (DPR) is presently 6.36%.
Insider Buying and Selling at Slide Insurance
In other Slide Insurance news, Director Robert Gries, Jr. sold 107,510 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $24.44, for a total transaction of $2,627,544.40. Following the completion of the sale, the director directly owned 1,585,211 shares in the company, valued at $38,742,556.84. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen L. Rohde sold 7,500 shares of Slide Insurance stock in a transaction that occurred 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 $198,000. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 220,680 shares of company stock worth $5,449,744 in the last 90 days. 50.80% of the stock is owned by company insiders.
Institutional Trading of Slide Insurance
A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP boosted its stake in Slide Insurance by 15,272.2% in the 3rd quarter. Allworth Financial LP now owns 163,099 shares of the company’s stock worth $3,639,000 after purchasing an additional 162,038 shares in the last quarter. Fulcrum Asset Management LLP grew its position in Slide Insurance by 198.8% during the 3rd quarter. Fulcrum Asset Management LLP now owns 17,120 shares of the company’s stock valued at $385,000 after purchasing an additional 11,390 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Slide Insurance by 4.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,898 shares of the company’s stock valued at $1,983,000 after purchasing an additional 3,218 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Slide Insurance during the 3rd quarter valued at about $243,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Slide Insurance in the third quarter worth about $256,000.
About Slide Insurance
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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