Slide Insurance (NASDAQ:SLDE) Announces Quarterly Earnings Results, Beats Estimates By $0.44 EPS

Slide Insurance (NASDAQ:SLDE) issued its quarterly earnings data on Tuesday. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.44, Zacks reports. Slide Insurance had a net margin of 40.02% and a return on equity of 50.69%.

Slide Insurance Stock Down 2.4%

SLDE traded down $0.69 during trading on Tuesday, hitting $28.39. The stock had a trading volume of 1,589,763 shares, compared to its average volume of 1,426,278. The company has a market capitalization of $3.32 billion, a PE ratio of 6.92 and a beta of 0.13. Slide Insurance has a twelve month low of $15.11 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day simple moving average of $24.57 and a two-hundred day simple moving average of $19.96.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings raised Slide Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Morgan Stanley set a $22.00 price target on Slide Insurance in a report on Monday, August 3rd. Citigroup reissued an “outperform” rating on shares of Slide Insurance in a research report on Monday, October 12th. Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen raised Slide Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

Trending Headlines about Slide Insurance

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

• Positive Sentiment: Strong third-quarter results: Revenue increased 35.9% year over year to $361.1 million, while net income rose 24.5% to $138.2 million, or $1.09 per diluted share. Slide also raised its full-year net income outlook to $500 million-$520 million and lifted the lower end of its gross written premiums guidance. Slide Reports Third Quarter 2026 Results
• Positive Sentiment: Large shareholder payout: The board declared a regular quarterly dividend of $0.07 per share and a one-time special dividend of $1.50, both payable November 30 to shareholders of record November 23. The special dividend may support investor sentiment and signals confidence in the company’s capital position. Slide Dividend Announcement
• Positive Sentiment: Expanded financing capacity: Slide replaced its $530.4 million credit agreement with a new $1.07 billion facility, providing additional liquidity to support underwriting growth and market expansion. Slide New Credit Facility
• Positive Sentiment: Geographic growth: Slide began writing business in Texas and Rhode Island, adding homeowners coverage in Texas and dwelling coverage for eligible rental and seasonal properties in Rhode Island. The move broadens its customer base and diversifies its catastrophe-exposed insurance footprint. Slide Texas and Rhode Island Expansion
• Neutral Sentiment: Gross premiums written grew 9.3% to $506.6 million, but the combined ratio worsened to 59.3% from 48.5% a year earlier. Although still profitable, the deterioration suggests higher claims or underwriting costs that investors will monitor.
• Negative Sentiment: Insider-trading data shows 63 insider sales and no purchases over the past six months, including significant selling by senior executives. That activity can weigh on sentiment, particularly after the stock’s recent rally.
• Negative Sentiment: Expansion increases exposure to catastrophe losses, reinsurance costs, regulatory requirements and pricing competition. Analysts’ previously published price targets, with a median of $24, are also below the recent trading range, potentially limiting near-term upside.

Insiders Place Their Bets

In other Slide Insurance news, Director Robert Gries, Jr. sold 61,762 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $24.28, for a total value of $1,499,581.36. Following the completion of the sale, the director owned 1,523,449 shares of the company’s stock, valued at approximately $36,989,341.72. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Larson sold 11,150 shares of the business’s 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 owned 11,150 shares in the company, valued at $307,182.50. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 258,892 shares of company stock worth $6,228,294. 50.80% of the stock is currently owned by company insiders.

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.