Slide Insurance (NASDAQ:SLDE – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Other equities analysts have also issued reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Morgan Stanley boosted 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. Barclays upped their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Piper Sandler lifted their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $24.40.
Check Out Our Latest Stock Report on SLDE
Slide Insurance Stock Down 2.7%
Slide Insurance (NASDAQ:SLDE – Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The company had revenue of $347.01 million for the quarter.
Insiders Place Their Bets
In related news, Director Robert Gries, Jr. sold 28,212 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $18.35, for a total value of $517,690.20. Following the sale, the director directly owned 2,003,053 shares of the company’s stock, valued at $36,756,022.55. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shannon Lucas sold 23,884 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $18.59, for a total transaction of $444,003.56. Following the transaction, the chief operating officer owned 1,609,041 shares in the company, valued at $29,912,072.19. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,025,372 shares of company stock valued at $19,041,559.
Institutional Investors Weigh In On Slide Insurance
Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Slide Insurance in the 2nd quarter valued at about $1,333,000. Geode Capital Management LLC bought a new stake in Slide Insurance in the second quarter valued at about $2,245,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Slide Insurance in the second quarter valued at about $2,667,000. Legal & General Group Plc acquired a new stake in Slide Insurance during the second quarter valued at approximately $216,000. Finally, American Century Companies Inc. acquired a new stake in Slide Insurance during the second quarter valued at approximately $56,229,000.
More Slide Insurance News
Here are the key news stories impacting Slide Insurance this week:
- Positive Sentiment: Wall Street consensus price target implies roughly 36% upside, which could support the stock if earnings revisions continue to trend upward. Zacks Analyst Note
- Neutral Sentiment: Recent third‑party comparative write‑ups (head‑to‑head analyses) discuss SLDE versus peers; useful for context but unlikely to move the stock by itself. Comparative Analysis
- Negative Sentiment: CEO Bruce Lucas sold 227,500 shares on March 16 at ~$18.13 (~$4.12M), a ~0.58% reduction in his stake — large insider disposition that can signal near‑term selling pressure. SEC Filing (3/16)
- Negative Sentiment: CEO Bruce Lucas sold an additional 98,716 shares on March 17 at ~$18.44 (~$1.82M), further reducing his position and adding short‑term headline risk. SEC Filing (3/17)
- Negative Sentiment: COO Shannon Lucas executed two small sales (22,500 on March 16 at ~$18.13 and 9,763 on March 17 at ~$18.44), modestly trimming her stake and contributing to the selling narrative. SEC Filings (COO)
- Negative Sentiment: Director Robert Gries, Jr. sold 28,212 shares on March 17 at ~$18.35, another insider sale that may amplify investor concern about near‑term liquidity or personal tax planning. SEC Filing (Director)
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.
See Also
Receive News & Ratings for Slide Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slide Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
