Slide Insurance (NASDAQ:SLDE) CEO Bruce Lucas Sells 118,300 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 118,300 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $18.23, for a total value of $2,156,609.00. Following the sale, the chief executive officer owned 39,342,563 shares of the company’s stock, valued at approximately $717,214,923.49. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bruce Lucas also recently made the following trade(s):

• On Friday, March 6th, Bruce Lucas sold 241,493 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total value of $4,489,354.87.
• On Thursday, March 5th, Bruce Lucas sold 172,644 shares of Slide Insurance stock. The shares were sold at an average price of $19.37, for a total value of $3,344,114.28.

Slide Insurance Stock Performance

Slide Insurance stock opened at $17.70 on Tuesday. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.20 billion and a P/E ratio of 6.86. The stock has a 50 day moving average of $17.55 and a 200-day moving average of $16.45.

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

Trending Headlines about Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on SLDE to $23 (from $22) and kept an “outperform” rating — implying roughly 30% upside from current levels. This is a formal analyst endorsement that could support the stock over the medium term. Benzinga
• Neutral Sentiment: An industry comparison piece contrasts Slide Insurance with peers (Exzeo Group), useful for relative-value context but not a direct catalyst. Watch for peer moves and sector flows. Comparing Exzeo Group & Slide Insurance
• Negative Sentiment: Insider selling: CEO Bruce Lucas sold a total of 532,437 shares across Mar 5–9 (about $9.99M in proceeds) and COO Shannon Lucas sold 52,659 shares (about $0.99M). Combined insider sales ≈585,096 shares (~$11M). While each sale reduced holdings by only ~0.3–1.5% and both executives still hold large stakes, the concentrated, high-dollar selling likely increased supply and pressured the stock today. SEC filings: CEO CEO Filing; COO COO Filing

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Comerica Bank boosted its holdings in shares of Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares during the period. CWM LLC bought a new stake in shares of Slide Insurance during the 4th quarter valued at about $35,000. Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance during the third quarter worth about $35,000. Aster Capital Management DIFC Ltd bought a new position in Slide Insurance in the fourth quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Slide Insurance by 4,839.2% in the fourth 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 during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SLDE shares. Piper Sandler increased their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Keefe, Bruyette & Woods increased their target price on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Morgan Stanley lifted their target price on Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.40.

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.