Slide Insurance (NASDAQ:SLDE) Releases Earnings Results, Beats Estimates By $0.44 EPS

by · The Markets Daily

Slide Insurance (NASDAQ:SLDE – Get Free Report) released its earnings results on Tuesday. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.44, Zacks reports. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%.

Slide Insurance Trading Down 2.4%

SLDE traded down $0.69 during trading on Tuesday, hitting $28.39. 1,589,813 shares of the stock traded hands, compared to its average volume of 1,426,280. The firm has a market capitalization of $3.32 billion, a P/E ratio of 6.92 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a 50-day moving average of $24.57 and a 200 day moving average of $19.96. Slide Insurance has a 12-month low of $15.11 and a 12-month high of $29.15.

Insider Activity

In other Slide Insurance news, insider Matthew Larson sold 11,150 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $27.55, for a total value of $307,182.50. Following the transaction, the insider owned 11,150 shares in the company, valued at approximately $307,182.50. The trade was a 50.00% 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 the SEC website. Also, Director Stephen Rohde sold 7,500 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $26.40, for a total transaction of $198,000.00. Following the transaction, the director directly owned 7,500 shares of the company’s stock, valued at approximately $198,000. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 258,892 shares of company stock worth $6,228,294 in the last quarter. Insiders own 50.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Slide Insurance from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research lowered shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Morgan Stanley set a $22.00 price objective on shares of Slide Insurance in a research note on Monday, August 3rd. Citigroup reaffirmed an “outperform” rating on shares of Slide Insurance in a report on Monday, October 12th. Finally, Wall Street Zen upgraded shares of Slide Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.60.

View Our Latest Research Report on Slide Insurance

More Slide Insurance News

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

  • Positive Sentiment: Strong third-quarter results: Revenue increased 35.9% year over year to $361.1 million, while net income rose 24.5% to $138.2 million, or $1.09 per diluted share. Slide also raised its full-year net income outlook to $500 million-$520 million and lifted the lower end of its gross written premiums guidance. Slide Reports Third Quarter 2026 Results
  • Positive Sentiment: Large shareholder payout: The board declared a regular quarterly dividend of $0.07 per share and a one-time special dividend of $1.50, both payable November 30 to shareholders of record November 23. The special dividend may support investor sentiment and signals confidence in the company’s capital position. Slide Dividend Announcement
  • Positive Sentiment: Expanded financing capacity: Slide replaced its $530.4 million credit agreement with a new $1.07 billion facility, providing additional liquidity to support underwriting growth and market expansion. Slide New Credit Facility
  • Positive Sentiment: Geographic growth: Slide began writing business in Texas and Rhode Island, adding homeowners coverage in Texas and dwelling coverage for eligible rental and seasonal properties in Rhode Island. The move broadens its customer base and diversifies its catastrophe-exposed insurance footprint. Slide Texas and Rhode Island Expansion
  • Neutral Sentiment: Gross premiums written grew 9.3% to $506.6 million, but the combined ratio worsened to 59.3% from 48.5% a year earlier. Although still profitable, the deterioration suggests higher claims or underwriting costs that investors will monitor.
  • Negative Sentiment: Insider-trading data shows 63 insider sales and no purchases over the past six months, including significant selling by senior executives. That activity can weigh on sentiment, particularly after the stock’s recent rally.
  • Negative Sentiment: Expansion increases exposure to catastrophe losses, reinsurance costs, regulatory requirements and pricing competition. Analysts’ previously published price targets, with a median of $24, are also below the recent trading range, potentially limiting near-term upside.

About Slide Insurance

(Get Free Report)

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.

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