Slide Insurance (NASDAQ:SLDE) Price Target Raised to $23.00 at Keefe, Bruyette & Woods

Slide Insurance (NASDAQ:SLDE) had its price target lifted by Keefe, Bruyette & Woods from $22.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently commented on SLDE. Morgan Stanley raised their target price on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 17th. 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Barclays raised their price target on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Finally, Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Slide Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $24.40.

Slide Insurance Stock Down 4.2%

NASDAQ:SLDE opened at $17.70 on Monday. Slide Insurance has a 52 week low of $12.53 and a 52 week high of $25.90. The stock’s fifty day moving average is $17.55 and its two-hundred day moving average is $16.45. The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of 6.86. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03.

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.

Insiders Place Their Bets

In other Slide Insurance news, CEO Bruce Lucas sold 118,300 shares of Slide Insurance stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $18.23, for a total transaction of $2,156,609.00. Following the transaction, the chief executive officer owned 39,342,563 shares of the company’s stock, valued at $717,214,923.49. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Shannon Lucas sold 11,700 shares of the business’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 $213,291.00. Following the completion of the sale, the chief operating officer owned 1,597,341 shares of the company’s stock, valued at approximately $29,119,526.43. This represents a 0.73% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 635,681 shares of company stock worth $11,938,756.

Hedge Funds Weigh In On Slide Insurance

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in Slide Insurance during the 2nd quarter worth $56,229,000. Raymond James Financial Inc. purchased a new stake in shares of Slide Insurance in the second quarter valued at about $33,063,000. Capital World Investors raised its holdings in shares of Slide Insurance by 49.4% in the third quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock valued at $70,767,000 after buying an additional 1,483,180 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Slide Insurance during the second quarter worth about $31,542,000. Finally, Balyasny Asset Management L.P. grew its holdings 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 buying an additional 1,045,826 shares during the last 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

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.