Slide Insurance (NASDAQ:SLDE) CEO Bruce Lucas Sells 121,414 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 121,414 shares of Slide Insurance stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $18.01, for a total transaction of $2,186,666.14. Following the transaction, the chief executive officer directly owned 37,894,635 shares in the company, valued at $682,482,376.35. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bruce Lucas also recently made the following trade(s):

• On Tuesday, April 7th, Bruce Lucas sold 114,077 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $2,053,386.00.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,469,285.00.
• On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,448,951.84.
• On Wednesday, April 1st, Bruce Lucas sold 8,771 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total transaction of $157,965.71.
• 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 transaction of $4,470,844.80.
• On Thursday, March 26th, Bruce Lucas sold 178,733 shares of Slide Insurance stock. The stock was 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 stock was sold at an average price of $17.42, for a total transaction 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.

Slide Insurance Stock Up 0.8%

SLDE stock traded up $0.15 during trading on Wednesday, reaching $18.10. The stock had a trading volume of 1,399,943 shares, compared to its average volume of 2,671,868. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $17.71 and its two-hundred day moving average is $17.04. The company has a market capitalization of $2.25 billion and a price-to-earnings ratio of 7.02.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SLDE. Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Piper Sandler increased their target price on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Slide Insurance has an average rating of “Buy” and an average target price of $24.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLDE. Comerica Bank boosted its holdings in Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 1,281 shares during the period. CWM LLC bought a new position in Slide Insurance in the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. bought a new position in Slide Insurance in the 3rd quarter worth approximately $35,000. Aster Capital Management DIFC Ltd bought a new position in Slide Insurance in the 4th quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock worth $49,000 after buying an additional 2,468 shares during the period.

Key Slide Insurance News

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Company announced completion of a $120 million share buyback, which reduces share count and is typically supportive of EPS and the stock price. Slide Insurance (SLDE) Completes $120 Million Share Buyback
• Positive Sentiment: An analyst write-up (Zacks) highlighted SLDE as one of three mid-cap multi-line insurers with near-term upside potential, which can attract buyers and lift sentiment. Buy 3 Mid-Cap Multi-Line Insurance Stocks to Tap Solid Near-Term Upside
• Positive Sentiment: Recent fundamentals: SLDE reported a solid quarterly beat (Feb 24) with $1.23 EPS vs. $0.87 expected and strong revenue, which supports a higher valuation and investor confidence.
• Neutral Sentiment: Technical/valuation context — market cap roughly $2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; these metrics provide context but are not an immediate catalyst.
• Negative Sentiment: Multiple insider sales: CEO Bruce Lucas, COO Shannon Lucas, a director and another insider executed sizable stock sales April 6–8 (aggregating several hundred thousand shares sold at ~\$18). All trades were reported under pre-arranged Rule 10b5-1 plans (reduces suspicious timing concerns but still can weigh on sentiment when large insiders sell). SEC Filing — Bruce Lucas

Slide Insurance Company Profile

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.