Matthew Paul Larson Sells 11,250 Shares of Slide Insurance (NASDAQ:SLDE) Stock

by · The Markets Daily

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) insider Matthew Paul Larson sold 11,250 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $18.00, for a total value of $202,500.00. Following the sale, the insider directly owned 11,250 shares of the company’s stock, valued at approximately $202,500. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Matthew Paul Larson also recently made the following trade(s):

  • On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $202,500.00.
  • On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $202,500.00.
  • On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $19.01, for a total value of $213,862.50.

Slide Insurance Price Performance

SLDE stock opened at $17.78 on Friday. The stock has a 50-day moving average price of $17.73 and a two-hundred day moving average price of $17.04. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.21 billion and a PE ratio of 6.89.

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

Analysts Set New Price Targets

SLDE has been the subject of several analyst reports. Zacks Research raised Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Texas Capital raised Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Piper Sandler upped their target price on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Finally, Barclays upped their target price on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Slide Insurance currently has an average rating of “Buy” and an average target price of $24.40.

View Our Latest Report on SLDE

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its holdings in Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after purchasing an additional 1,281 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Slide Insurance by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the last quarter. CWM LLC purchased a new position in Slide Insurance in the fourth quarter valued at about $35,000. Ameritas Investment Partners Inc. purchased a new position in Slide Insurance in the third quarter valued at about $35,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Slide Insurance in the fourth quarter valued at about $47,000.

More Slide Insurance News

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

  • Positive Sentiment: Company completed a $120 million share buyback — reduces share count and typically supports EPS and near-term stock demand. Slide Insurance (SLDE) Completes $120 Million Share Buyback
  • Positive Sentiment: Recent quarterly results showed a material beat (reported $1.23 EPS vs. $0.87 expected and solid revenue), reinforcing fundamentals that can support valuation and buying interest.
  • Positive Sentiment: Analysts and market write-ups are bullish — several firms raised targets and ratings (Barclays, Piper Sandler, KBW) and Zacks highlighted SLDE as a mid-cap insurer with near-term upside, which can attract momentum buyers. Zacks: Buy 3 Mid-Cap Multi-Line Insurance Stocks
  • Neutral Sentiment: Valuation/technical context — market cap ~ $2.2–2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; useful context but not an immediate catalyst.
  • Neutral Sentiment: Minor institutional activity reported (small new/adjusted stakes by several funds) — doesn’t represent large directional flows at this time.
  • Negative Sentiment: Significant insider selling April 6–8: CEO Bruce Lucas (multiple blocks totaling hundreds of thousands of shares), COO Shannon Lucas, a director and another insider each sold sizeable positions at ~\$18 per share. All trades were executed under pre-arranged Rule 10b5-1 plans — which lowers timing-suspicion but the aggregate volume can still weigh on short-term sentiment. SEC Filing — Bruce Lucas

Slide Insurance Company Profile

(Get Free Report)

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.

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