Slide Insurance (NASDAQ:SLDE) Announces Earnings Results

Key Points

• Slide Insurance beat earnings expectations: The company reported quarterly EPS of $1.09, exceeding the $0.65 consensus estimate, with a 40.02% net margin and 50.69% return on equity.
• Shares remain near their 52-week high: SLDE traded at $28.39, compared with a 52-week range of $15.11 to $29.15. Analysts maintain a “Moderate Buy” consensus, though the average price target of $25.60 is below the current share price.
• Insider selling is a potential concern: Insiders sold 258,892 shares worth approximately $6.2 million over the last quarter, including sales by senior executives, despite insiders retaining 50.8% ownership.

Slide Insurance (NASDAQ:SLDE - Get Free Report) posted its earnings results on Tuesday. The company reported $1.09 earnings per share for the quarter, beating 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 Price Performance

Shares of SLDE traded down $0.69 during trading hours on Tuesday, reaching $28.39. 1,589,763 shares of the stock traded hands, compared to its average volume of 1,426,278. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. Slide Insurance has a 52-week low of $15.11 and a 52-week high of $29.15. The company's 50-day moving average price is $24.57 and its two-hundred day moving average price is $19.96. The company has a market cap of $3.32 billion, a P/E ratio of 6.92 and a beta of 0.13.

Wall Street Analysts Forecast Growth

SLDE has been the subject of several research reports. Wall Street Zen raised shares of Slide Insurance from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. Zacks Research downgraded shares of Slide Insurance from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. Barclays boosted their price objective 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. Keefe, Bruyette & Woods upped their price target on Slide Insurance from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Finally, Citizens Jmp raised their price objective on Slide Insurance from $27.00 to $28.00 and gave the stock a "market outperform" rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $25.60.

Insiders Place Their Bets

In other news, CRO Charles Powell sold 2,080 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $25.00, for a total value of $52,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Larson sold 11,150 shares of the company's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $27.55, for a total value of $307,182.50. Following the completion of the transaction, the insider directly owned 11,150 shares of the company's stock, valued at approximately $307,182.50. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 258,892 shares of company stock worth $6,228,294. 50.80% of the stock is currently owned by corporate insiders.

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

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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