Slide Insurance (NASDAQ:SLDE) CEO Bruce Lucas Sells 273,702 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 273,702 shares of Slide Insurance stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $18.11, for a total transaction of $4,956,743.22. Following the transaction, the chief executive officer owned 37,620,933 shares in the company, valued at approximately $681,315,096.63. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, April 13th, Bruce Lucas sold 259,055 shares of Slide Insurance stock. The stock was sold at an average price of $18.05, for a total value of $4,675,942.75.
• 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 value 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 value of $2,053,386.00.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The stock was 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 stock was 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 stock was 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 stock was 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 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.

Slide Insurance Price Performance

SLDE stock opened at $18.05 on Tuesday. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90. The company’s fifty day moving average price is $17.76 and its 200-day moving average price is $17.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $2.24 billion and a PE ratio of 7.00.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLDE. Barclays lifted their target price on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Keefe, Bruyette & Woods raised their price target on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Wall Street Zen cut Slide Insurance from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Texas Capital upgraded Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $24.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Comerica Bank grew its position in Slide Insurance by 3,462.2% in the fourth 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. Price T Rowe Associates Inc. MD lifted its stake in shares of Slide Insurance by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the last quarter. CWM LLC bought a new stake in shares of Slide Insurance in the 4th quarter valued at approximately $35,000. Ameritas Investment Partners Inc. purchased a new position in shares of Slide Insurance in the 3rd quarter worth approximately $35,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Slide Insurance in the 4th quarter worth approximately $47,000.

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.