Slide Insurance Holdings, Inc. $SLDE Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,138,155 shares of the company’s stock after selling 457,814 shares during the quarter. American Century Companies Inc. owned about 1.72% of Slide Insurance worth $33,751,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Slide Insurance during the second quarter worth about $33,063,000. Hood River Capital Management LLC purchased a new stake in Slide Insurance in the 2nd quarter valued at approximately $31,542,000. Federated Hermes Inc. acquired a new position in Slide Insurance during the 3rd quarter worth approximately $9,471,000. Boston Partners acquired a new position in Slide Insurance during the 2nd quarter worth approximately $10,701,000. Finally, Vanguard Group Inc. raised its stake in shares of Slide Insurance by 25.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,407,498 shares of the company’s stock worth $38,002,000 after buying an additional 484,542 shares in the last quarter.

Insider Activity

In other Slide Insurance news, Director Stephen L. Rohde sold 9,335 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $18.83, for a total value of $175,778.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Beth Witte Bruce sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $18.94, for a total transaction of $473,500.00. Following the transaction, the director directly owned 226,645 shares of the company’s stock, valued at approximately $4,292,656.30. This trade represents a 9.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,585 shares of company stock worth $960,641 over the last 90 days.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Piper Sandler increased their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Morgan Stanley raised their target price on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Zacks Research lowered shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Barclays upped their price target on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.20.

Slide Insurance Price Performance

Shares of NASDAQ:SLDE opened at $18.48 on Friday. The firm has a market capitalization of $2.30 billion and a price-to-earnings ratio of 7.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.30. The business’s 50 day simple moving average is $17.59 and its 200-day simple moving average is $16.42. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $25.90.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

About Slide Insurance

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.