Lazard Asset Management LLC Has $15.30 Million Stock Holdings in Slide Insurance Holdings, Inc. $SLDE

Lazard Asset Management LLC boosted its position in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) by 27.2% in the first quarter, Holdings Channel reports. The firm owned 849,967 shares of the company’s stock after purchasing an additional 181,795 shares during the period. Lazard Asset Management LLC’s holdings in Slide Insurance were worth $15,299,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SLDE. Comerica Bank increased its position in shares of Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares in the last quarter. CWM LLC bought a new stake in shares of Slide Insurance in the fourth quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Slide Insurance during the third quarter worth about $35,000. State of Wyoming bought a new position in shares of Slide Insurance during the 1st quarter valued at about $42,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Slide Insurance in the 4th quarter valued at approximately $47,000.

Analyst Ratings Changes

A number of brokerages have weighed in on SLDE. Keefe, Bruyette & Woods lifted their price target on shares of Slide Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Slide Insurance in a report on Wednesday, May 6th. Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Slide Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Barclays raised their price target on shares of Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Slide Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Slide Insurance Trading Up 3.5%

NASDAQ SLDE opened at $22.14 on Thursday. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $23.00. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $18.92 and a 200-day moving average of $18.19. The company has a market cap of $2.54 billion and a PE ratio of 5.40.

Slide Insurance (NASDAQ:SLDE) last issued its earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.18. Slide Insurance had a net margin of 40.02% and a return on equity of 52.25%. The company had revenue of $386.82 million for the quarter. On average, equities research analysts anticipate that Slide Insurance Holdings, Inc. will post 3.59 EPS for the current fiscal year.

Slide Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Slide Insurance declared that its board has approved a share repurchase program on Tuesday, April 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Key Headlines Impacting Slide Insurance

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

• Positive Sentiment: Strong Q2 earnings and underwriting performance: Slide reported $1.06 in diluted EPS, above the $0.88 consensus estimate and up from $0.56 a year earlier. Net income rose 92.4% year over year to $134.9 million, while gross premiums written increased 16.7% to $508.0 million. The combined ratio improved to 57.6%, indicating strong underwriting profitability. Slide Reports Second Quarter 2026 Results
• Positive Sentiment: Revenue also topped expectations: Quarterly revenue was $386.82 million, supporting the view that Slide is benefiting from premium growth while maintaining high margins and returns on equity. Slide Insurance Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Dividend initiated or declared: The company declared a quarterly dividend of $0.07 per share, payable August 28 to shareholders of record August 14. The payout adds a shareholder-return component and signals confidence in cash generation. Slide Insurance Declares Dividend
• Neutral Sentiment: Analyst view remains constructive but not strongly bullish: Brokerages assigned the shares an average “Moderate Buy” recommendation, suggesting a favorable outlook while leaving room for differing opinions on valuation and future growth. Slide Insurance Receives Moderate Buy Recommendation
• Neutral Sentiment: Management discussed the quarter on its earnings call: Investors are reviewing management’s commentary on operating trends and the outlook for the remainder of 2026 for evidence that the strong results can continue. Slide Insurance Q2 2026 Earnings Call Transcript

Insider Buying and Selling at Slide Insurance

In related news, CEO Bruce Lucas sold 455,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $19.06, for a total transaction of $8,672,300.00. Following the sale, the chief executive officer owned 35,429,165 shares of the company’s stock, valued at $675,279,884.90. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Gries, Jr. sold 84,636 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $20.34, for a total value of $1,721,496.24. Following the sale, the director directly owned 1,777,357 shares in the company, valued at approximately $36,151,441.38. This trade represents a 4.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,628,743 shares of company stock worth $49,342,172 in the last quarter. Company insiders own 50.80% of the company’s stock.

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.