Slide Insurance (NASDAQ:SLDE) CEO Bruce Lucas Sells 172,644 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 172,644 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $19.37, for a total transaction of $3,344,114.28. Following the completion of the sale, the chief executive officer directly owned 39,702,356 shares in the company, valued at approximately $769,034,635.72. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $18.23, for a total transaction of $2,156,609.00.
• On Friday, March 6th, Bruce Lucas sold 241,493 shares of Slide Insurance stock. The shares were sold at an average price of $18.59, for a total transaction of $4,489,354.87.

Slide Insurance Price Performance

NASDAQ SLDE opened at $17.70 on Tuesday. The company has a 50-day moving average price of $17.55 and a two-hundred day moving average price of $16.45. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90. The stock has a market cap of $2.20 billion and a price-to-earnings ratio of 6.86. 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 released its quarterly earnings results 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 business had revenue of $347.01 million for the quarter.

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

Hedge Funds Weigh In On Slide Insurance

Several hedge funds have recently modified their holdings of the company. Great Lakes Advisors LLC acquired a new stake in shares of Slide Insurance during the 3rd quarter valued at $3,113,000. American Century Companies Inc. acquired a new position in shares of Slide Insurance in the 2nd quarter worth $56,229,000. HB Wealth Management LLC acquired a new stake in shares of Slide Insurance during the third quarter worth $955,000. Federated Hermes Inc. acquired a new stake in shares of Slide Insurance during the third quarter worth $9,471,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Slide Insurance during the second quarter valued at $4,245,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SLDE shares. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Piper Sandler lifted their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Barclays increased their target price 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, Morgan Stanley boosted their price target on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.