Stephen Rohde Sells 7,500 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 7,500 shares of Slide Insurance stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $26.40, for a total value of $198,000.00. Following the completion of the sale, the director directly owned 7,500 shares in the company, valued at approximately $198,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Slide Insurance Price Performance

Shares of NASDAQ SLDE traded down $0.81 during midday trading on Wednesday, reaching $25.67. 1,605,881 shares of the stock traded hands, compared to its average volume of 1,442,536. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $3.00 billion, a PE ratio of 6.26 and a beta of 0.07. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $26.75. The company’s 50 day moving average is $22.13 and its 200 day moving average is $19.60.

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

Slide Insurance Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citizens Jmp boosted their price objective on Slide Insurance from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Citigroup reiterated an “outperform” rating on shares of Slide Insurance in a research report on Thursday, July 30th. Keefe, Bruyette & Woods increased their target price on shares of Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Barclays raised their target price on shares of Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $22.00 price target on shares of Slide Insurance in a research note on Monday, August 3rd. Two equities research 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $25.40.

Hedge Funds Weigh In On Slide Insurance

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Slide Insurance in the 2nd quarter valued at $98,538,000. Arrowstreet Capital Limited Partnership increased its stake in Slide Insurance by 298.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,687,802 shares of the company’s stock worth $48,380,000 after purchasing an additional 2,012,428 shares during the period. Lazard Asset Management LLC lifted its position in shares of Slide Insurance by 27.2% during the first quarter. Lazard Asset Management LLC now owns 849,967 shares of the company’s stock worth $15,299,000 after purchasing an additional 181,795 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Slide Insurance during the second quarter worth $14,530,000. Finally, Man Group plc purchased a new stake in shares of Slide Insurance during the second quarter valued at $12,229,000.

About Slide Insurance

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.