Bruce Lucas Sells 121,414 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 121,414 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $18.01, for a total value of $2,186,666.14. Following the completion of the transaction, the chief executive officer directly owned 37,894,635 shares of the company’s stock, valued at $682,482,376.35. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 7th, Bruce Lucas sold 114,077 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $2,053,386.00.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total value of $2,469,285.00.
• On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total value of $2,448,951.84.
• On Wednesday, April 1st, Bruce Lucas sold 8,771 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total value of $157,965.71.
• On Tuesday, March 31st, Bruce Lucas sold 247,008 shares of Slide Insurance stock. The shares were sold at an average price of $18.10, for a total value of $4,470,844.80.
• On Thursday, March 26th, Bruce Lucas sold 178,733 shares of Slide Insurance stock. The shares were sold at an average price of $18.04, for a total value of $3,224,343.32.
• On Tuesday, March 17th, Bruce Lucas sold 98,716 shares of Slide Insurance stock. The shares were sold at an average price of $18.44, for a total value of $1,820,323.04.
• On Monday, March 16th, Bruce Lucas sold 227,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.13, for a total value of $4,124,575.00.
• On Wednesday, March 11th, Bruce Lucas sold 2,730 shares of Slide Insurance stock. The shares were sold at an average price of $17.42, for a total value of $47,556.60.
• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The shares were sold at an average price of $18.23, for a total value of $2,156,609.00.

Slide Insurance Price Performance

Shares of NASDAQ SLDE opened at $17.78 on Friday. 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 Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90. The stock has a 50 day moving average of $17.73 and a two-hundred day moving average of $17.04. The stock has a market cap of $2.21 billion and a P/E ratio of 6.89.

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

Institutional Investors Weigh In On Slide Insurance

Several large investors have recently modified their holdings of SLDE. Raymond James Financial Inc. purchased a new stake in shares of Slide Insurance during the second quarter worth approximately $33,063,000. Capital World Investors raised its stake in shares of Slide Insurance by 49.4% during the third quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after purchasing an additional 1,483,180 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Slide Insurance by 314.8% during the third quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after purchasing an additional 1,045,826 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Slide Insurance by 1,375.7% during the fourth quarter. HB Wealth Management LLC now owns 892,586 shares of the company’s stock worth $17,388,000 after purchasing an additional 832,102 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Slide Insurance during the fourth quarter worth approximately $13,016,000.

Analysts Set New Price Targets

SLDE has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Piper Sandler boosted their price objective on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Finally, Barclays upped their price target on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.40.

Key Headlines Impacting Slide Insurance

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

• Positive Sentiment: Company completed a $120 million share buyback — reduces share count and typically supports EPS and near-term stock demand. Slide Insurance (SLDE) Completes $120 Million Share Buyback
• Positive Sentiment: Recent quarterly results showed a material beat (reported $1.23 EPS vs. $0.87 expected and solid revenue), reinforcing fundamentals that can support valuation and buying interest.
• Positive Sentiment: Analysts and market write-ups are bullish — several firms raised targets and ratings (Barclays, Piper Sandler, KBW) and Zacks highlighted SLDE as a mid-cap insurer with near-term upside, which can attract momentum buyers. Zacks: Buy 3 Mid-Cap Multi-Line Insurance Stocks
• Neutral Sentiment: Valuation/technical context — market cap ~ $2.2–2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; useful context but not an immediate catalyst.
• Neutral Sentiment: Minor institutional activity reported (small new/adjusted stakes by several funds) — doesn’t represent large directional flows at this time.
• Negative Sentiment: Significant insider selling April 6–8: CEO Bruce Lucas (multiple blocks totaling hundreds of thousands of shares), COO Shannon Lucas, a director and another insider each sold sizeable positions at ~\$18 per share. All trades were executed under pre-arranged Rule 10b5-1 plans — which lowers timing-suspicion but the aggregate volume can still weigh on short-term sentiment. SEC Filing — Bruce Lucas

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.