Slide Insurance (NASDAQ:SLDE) Insider Matthew Paul Larson Sells 11,374 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 11,374 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $26.00, for a total value of $295,724.00. Following the completion of the sale, the insider owned 11,374 shares of the company’s stock, valued at $295,724. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matthew Paul Larson also recently made the following trade(s):

• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The shares were sold at an average price of $24.62, for a total value of $280,027.88.

Slide Insurance Stock Down 3.1%

NASDAQ:SLDE traded down $0.81 during mid-day trading on Wednesday, reaching $25.67. The company’s stock had a trading volume of 1,605,881 shares, compared to its average volume of 1,442,536. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $26.75. The stock has a fifty day moving average of $22.13 and a 200-day moving average of $19.60. The firm has a market capitalization of $3.00 billion, a PE ratio of 6.26 and a beta of 0.07.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.88 by $0.18. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%. The business had revenue of $386.82 million during the quarter. Equities research analysts forecast that Slide Insurance Holdings, Inc. will post 3.79 earnings per share for the current year.

Slide Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Slide Insurance’s dividend payout ratio (DPR) is 6.83%.

Institutional Trading of Slide Insurance

Several large investors have recently added to or reduced their stakes in SLDE. WINTON GROUP Ltd raised its stake in shares of Slide Insurance by 153.5% in the second quarter. WINTON GROUP Ltd now owns 28,500 shares of the company’s stock worth $552,000 after purchasing an additional 17,256 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Slide Insurance in the 2nd quarter worth approximately $688,000. Allianz Asset Management GmbH purchased a new position in Slide Insurance during the 2nd quarter worth approximately $14,530,000. Corient Private Wealth LP lifted its stake in Slide Insurance by 12.3% during the 2nd quarter. Corient Private Wealth LP now owns 39,503 shares of the company’s stock valued at $765,000 after acquiring an additional 4,323 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Slide Insurance in the second quarter worth $836,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup reissued an “outperform” rating on shares of Slide Insurance in a research report on Thursday, July 30th. Wall Street Zen lowered Slide Insurance from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Keefe, Bruyette & Woods boosted their target price on Slide Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Morgan Stanley set a $22.00 target price on Slide Insurance in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $25.40.

Slide Insurance Company Profile

Slide Insurance is a technology-enabled property and casualty insurance company focused on personal residential coverage. Through its insurance operations, the company provides homeowners insurance and related products designed to protect homes and personal property against covered risks, including weather-related events.

Slide uses data-driven underwriting, digital tools and automated claims and policy-management capabilities to support the distribution and servicing of insurance policies.