Slide Insurance (NASDAQ:SLDE) Insider Matthew Paul Larson Sells 11,150 Shares of Company Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Larson sold 11,150 shares of Slide Insurance stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $27.55, for a total value of $307,182.50. Following the sale, the insider directly owned 11,150 shares of the company’s stock, valued at approximately $307,182.50. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, October 20th, Matthew Larson sold 2,600 shares of Slide Insurance stock. The shares were sold at an average price of $27.53, for a total value of $71,578.00.
• On Monday, September 14th, Matthew Larson sold 11,374 shares of Slide Insurance stock. The stock was sold at an average price of $26.00, for a total transaction of $295,724.00.
• On Thursday, September 3rd, Matthew Larson sold 11,374 shares of Slide Insurance stock. The stock was sold at an average price of $24.62, for a total transaction of $280,027.88.

Slide Insurance Trading Up 2.9%

NASDAQ SLDE opened at $28.55 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. Slide Insurance Holdings, Inc. has a 1-year low of $15.11 and a 1-year high of $28.69. The stock has a 50-day moving average of $24.48 and a 200-day moving average of $20.94. The firm has a market cap of $3.33 billion, a PE ratio of 6.96 and a beta of 0.13.

Slide Insurance (NASDAQ:SLDE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.18. The firm had revenue of $386.82 million during the quarter. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%. As a group, sell-side analysts forecast that Slide Insurance Holdings, Inc. will post 3.84 EPS for the current year.

Slide Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. Slide Insurance’s dividend payout ratio (DPR) is currently 6.83%.

Hedge Funds Weigh In On Slide Insurance

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Slide Insurance in the 2nd quarter worth about $98,538,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Slide Insurance by 298.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,687,802 shares of the company’s stock valued at $48,380,000 after acquiring an additional 2,012,428 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Slide Insurance by 27.2% during the 1st quarter. Lazard Asset Management LLC now owns 849,967 shares of the company’s stock valued at $15,299,000 after acquiring an additional 181,795 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Slide Insurance in the second quarter worth approximately $14,530,000. Finally, Man Group plc purchased a new position in shares of Slide Insurance during the second quarter valued at approximately $12,229,000.

Analysts Set New Price Targets

SLDE has been the topic of a number of research analyst reports. Citizens Jmp upped their target price on Slide Insurance from $27.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, October 12th. Keefe, Bruyette & Woods raised their price target on Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Citigroup reaffirmed an “outperform” rating on shares of Slide Insurance in a research report on Monday, October 12th. Zacks Research cut shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Barclays increased their price objective on shares of Slide Insurance from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.60.

About Slide Insurance

Slide Insurance Holdings, Inc is a technology-enabled property and casualty insurance company focused primarily on residential homeowners insurance. Through its digital platform, the company uses data, automation and analytics to support the quoting, underwriting, policy administration and claims processes.

Slide offers homeowners coverage designed to protect residential properties and personal belongings against covered risks, along with related liability protection and optional coverage features.