Bruce Lucas Sells 136,500 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 136,500 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $18.09, for a total transaction of $2,469,285.00. Following the transaction, the chief executive officer owned 38,130,126 shares in the company, valued at $689,773,979.34. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 8th, Bruce Lucas sold 121,414 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total transaction of $2,186,666.14.
• 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 transaction of $2,053,386.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $2,156,609.00.

Slide Insurance Trading Down 1.8%

SLDE stock opened at $17.78 on Friday. The firm’s fifty day simple moving average is $17.73 and its two-hundred day simple moving average is $17.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.21 billion and a price-to-earnings ratio of 6.89. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90.

Slide Insurance (NASDAQ:SLDE) last posted 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 company had revenue of $347.01 million during the quarter.

More Slide Insurance News

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 1,281 shares in the last quarter. CWM LLC bought a new position in Slide Insurance during the 4th quarter worth about $35,000. Ameritas Investment Partners Inc. bought a new position in Slide Insurance during the 3rd quarter worth about $35,000. Aster Capital Management DIFC Ltd bought a new position in Slide Insurance during the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in 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 acquiring an additional 2,468 shares in the last quarter.

Wall Street Analyst Weigh In

SLDE has been the topic of a number of research analyst reports. Texas Capital upgraded shares of Slide Insurance to a “strong-buy” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Piper Sandler upped their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Slide Insurance presently has an average rating of “Buy” and an average price target 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.