Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Shareholders to Get $1.50 Dividend

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) announced a dividend on Tuesday, October 27th. Shareholders of record on Monday, November 23rd will be paid a dividend of $1.50 per share on Monday, November 30th. The ex-dividend date of this dividend is Monday, November 23rd.

Slide Insurance Trading Down 2.4%

Shares of Slide Insurance stock opened at $28.39 on Wednesday. The business has a 50-day moving average price of $24.71 and a two-hundred day moving average price of $20.01. Slide Insurance has a 1-year low of $15.11 and a 1-year high of $29.15.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Tuesday, October 27th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.65 by $0.44. The business had revenue of $361.05 million for the quarter, compared to the consensus estimate of $398.08 million. On average, sell-side analysts forecast that Slide Insurance will post 3.84 earnings per share for the current year.

Insider Buying and Selling at Slide Insurance

In other news, insider Matthew Larson sold 11,150 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $27.55, for a total value of $307,182.50. Following the completion of the sale, the insider directly owned 11,150 shares of the company’s stock, valued at $307,182.50. 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 available through this hyperlink. Also, Director Robert Gries, Jr. sold 61,762 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $24.28, for a total value of $1,499,581.36. Following the completion of the transaction, the director owned 1,523,449 shares in the company, valued at $36,989,341.72. This represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 258,892 shares of company stock worth $6,228,294. 50.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SLDE. Global Retirement Partners LLC bought a new stake in Slide Insurance during the second quarter worth $39,000. Meeder Asset Management Inc. bought a new position in Slide Insurance during the 2nd quarter valued at $40,000. State of Wyoming bought a new position in Slide Insurance during the 1st quarter valued at $42,000. Public Employees Retirement System of Ohio purchased a new position in Slide Insurance during the 2nd quarter worth $85,000. Finally, Royal Bank of Canada boosted its holdings in Slide Insurance by 221.0% during the 1st quarter. Royal Bank of Canada now owns 5,993 shares of the company’s stock worth $109,000 after acquiring an additional 4,126 shares during the last quarter.

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.