Slide Insurance (NASDAQ:SLDE) CEO Bruce Lucas Sells 241,493 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 241,493 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $18.59, for a total value of $4,489,354.87. Following the sale, the chief executive officer directly owned 39,460,863 shares in the company, valued at approximately $733,577,443.17. The trade was a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total value of $2,156,609.00.
• 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 transaction of $3,344,114.28.

Slide Insurance Price Performance

NASDAQ:SLDE opened at $17.70 on Tuesday. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The firm has a market cap of $2.20 billion and a price-to-earnings ratio of 6.86. The company’s 50-day moving average is $17.55 and its two-hundred day moving average is $16.45. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Barclays increased their target price on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Piper Sandler lifted their price target on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Six 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 company has an average rating of “Moderate Buy” and a consensus price target of $24.40.

Key Headlines Impacting 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 Trading of Slide Insurance

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Slide Insurance by 4,839.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock worth $49,000 after buying an additional 2,468 shares during the last quarter. Invesco Ltd. grew its position in Slide Insurance by 35.1% during the fourth quarter. Invesco Ltd. now owns 20,066 shares of the company’s stock valued at $391,000 after acquiring an additional 5,212 shares during the period. Vident Advisory LLC purchased a new stake in Slide Insurance during the fourth quarter valued at about $859,000. State of Tennessee Department of Treasury increased its stake in Slide Insurance by 29.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 13,479 shares of the company’s stock worth $263,000 after acquiring an additional 3,079 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Slide Insurance during the fourth quarter worth about $1,277,000.

Slide Insurance Company Profile

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.