Bruce Lucas Sells 118,300 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 118,300 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $18.23, for a total transaction of $2,156,609.00. Following the sale, the chief executive officer owned 39,342,563 shares of the company’s stock, valued at $717,214,923.49. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, March 6th, Bruce Lucas sold 241,493 shares of Slide Insurance stock. The shares were sold at an average price of $18.59, for a total transaction of $4,489,354.87.
• On Thursday, March 5th, Bruce Lucas sold 172,644 shares of Slide Insurance stock. The stock was sold at an average price of $19.37, for a total transaction of $3,344,114.28.

Slide Insurance Price Performance

SLDE stock opened at $17.70 on Wednesday. The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of 6.86. The firm’s 50-day moving average price is $17.51 and its two-hundred day moving average price is $16.48. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90.

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

More Slide Insurance News

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

• Positive Sentiment: Slide reported a strong Q4 beat in late Feb (EPS $1.23 vs. $0.87 est.), which supports valuation and helped analyst upgrades. Earnings / Company Page
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $23 (from $22) and kept an “outperform” rating — implying material upside vs. current levels and providing a medium-term positive catalyst. Benzinga
• Neutral Sentiment: Institutional ownership is sizable and rising (Capital World, Vanguard, Balyasny, others added positions), which can stabilize shares but is a longer-term factor rather than an immediate catalyst. MarketBeat — Institutional Holdings
• Neutral Sentiment: Industry/peer comparison pieces (e.g., vs. Exzeo Group) provide relative-value context for investors but do not by themselves move the stock. Monitor sector flows and competitor developments. Comparing Exzeo Group & Slide Insurance
• Negative Sentiment: Large insider selling this week likely weighed on the stock: CEO Bruce Lucas sold a series of blocks (241,493 on Mar 6 at ~$19.37; 172,644 on Mar 5 at ~$19.37; and 118,300 on Mar 9 at ~$18.23 — total ~532,437 shares) and COO Shannon Lucas sold multiple blocks (total ~52,659 shares across Mar 5–9). Combined sales ≈585,096 shares (~$10–11M of proceeds). While these reduce holdings by fractions of their stakes, the concentrated, high-dollar supply can create near-term downward pressure. SEC filings: CEO CEO Filing; COO COO Filing

Analyst Ratings Changes

A number of brokerages have recently weighed in on SLDE. Barclays lifted their price objective on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Keefe, Bruyette & Woods lifted their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Finally, Morgan Stanley raised their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Slide Insurance presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.40.

Hedge Funds Weigh In On Slide Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Great Lakes Advisors LLC bought a new position in Slide Insurance during the 3rd quarter valued at approximately $3,113,000. American Century Companies Inc. bought a new stake in Slide Insurance in the second quarter worth $56,229,000. HB Wealth Management LLC purchased a new stake in shares of Slide Insurance in the third quarter worth $955,000. Federated Hermes Inc. purchased a new stake in shares of Slide Insurance in the third quarter worth $9,471,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Slide Insurance during the second quarter valued at $4,245,000.

About Slide Insurance

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.