Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) CEO Bruce Lucas sold 8,771 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $18.01, for a total value of $157,965.71. Following the completion of the transaction, the chief executive officer directly owned 38,266,626 shares in the company, valued at $689,181,934.26. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bruce Lucas also recently made the following trade(s):
- 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 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 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 stock was 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 stock was 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 value of $47,556.60.
- On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was 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 stock was sold at an average price of $18.59, for a total transaction of $4,489,354.87.
- On Thursday, March 5th, Bruce Lucas sold 172,644 shares of Slide Insurance stock. The shares were sold at an average price of $19.37, for a total transaction of $3,344,114.28.
Slide Insurance Stock Performance
SLDE traded up $0.02 on Thursday, hitting $17.92. 640,094 shares of the company’s stock were exchanged, compared to its average volume of 1,670,396. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $17.50 and a two-hundred day moving average of $16.90. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90. The firm has a market cap of $2.23 billion and a PE ratio of 6.94.
Wall Street Analyst Weigh In
Several brokerages have commented on SLDE. Texas Capital upgraded shares of Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Weiss Ratings reissued 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 research note on Thursday, February 26th. Barclays boosted 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. Finally, Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $24.40.
Read Our Latest Research Report on SLDE
Institutional Trading of Slide Insurance
Several institutional investors and hedge funds have recently added to or reduced their stakes in SLDE. Great Lakes Advisors LLC acquired a new stake in shares of Slide Insurance during the 3rd quarter valued at $3,113,000. 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 position in shares of Slide Insurance in the 3rd quarter valued at $9,471,000. Cyndeo Wealth Partners LLC purchased a new position in Slide Insurance in the 4th quarter worth about $2,235,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Slide Insurance during the second quarter valued at approximately $4,245,000.
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.
See Also
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