Certuity LLC Takes $1.55 Million Position in Slide Insurance Holdings, Inc. $SLDE

Key Points

• Certuity LLC acquired a new stake of 79,732 shares in Slide Insurance (NASDAQ:SLDE) in Q4, valued at approximately $1.55 million, representing about 0.06% of the company.
• Slide Insurance beat Q4 estimates with $1.23 EPS vs. $0.87 and $347.01 million in revenue; the stock trades at a market cap of $2.35 billion and a P/E of 7.34, with a 12‑month range of $12.53–$25.90.
• Insiders have been net sellers, including COO Shannon Lucas and Matthew Paul Larson, and insiders sold a total of 3,059,578 shares valued at about $56.0 million over the past 90 days.

Certuity LLC acquired a new stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 79,732 shares of the company's stock, valued at approximately $1,553,000. Certuity LLC owned approximately 0.06% of Slide Insurance at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLDE. Comerica Bank raised its position in Slide Insurance by 3,462.2% during 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 in the last quarter. CWM LLC acquired a new position in Slide Insurance during the fourth quarter valued at approximately $35,000. Ameritas Investment Partners Inc. acquired a new position in Slide Insurance during the third quarter valued at approximately $35,000. Strs Ohio acquired a new position in Slide Insurance during the third quarter valued at approximately $77,000. Finally, BNP Paribas Financial Markets acquired a new position in Slide Insurance during the third quarter valued at approximately $111,000.

Slide Insurance Stock Performance

Shares of Slide Insurance stock opened at $18.93 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90. The stock has a market cap of $2.35 billion and a price-to-earnings ratio of 7.34. The company's fifty day moving average is $18.09 and its 200 day moving average is $17.35.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million during the quarter. Sell-side analysts forecast that Slide Insurance Holdings, Inc. will post 3.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SLDE shares. Wall Street Zen downgraded shares of Slide Insurance from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Barclays boosted their price objective on shares of Slide Insurance from $25.00 to $29.00 and gave the company an "overweight" rating in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 17th. Texas Capital upgraded shares of Slide Insurance to a "strong-buy" rating in a research report on Wednesday, March 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $24.40.

Insider Buying and Selling

In other Slide Insurance news, COO Shannon Lucas sold 11,676 shares of the company's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $19.55, for a total transaction of $228,265.80. Following the sale, the chief operating officer owned 1,370,898 shares of the company's stock, valued at approximately $26,801,055.90. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Paul Larson sold 11,250 shares of the company's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $19.39, for a total transaction of $218,137.50. Following the sale, the insider directly owned 8,750 shares in the company, valued at $169,662.50. This trade represents a 56.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,059,578 shares of company stock valued at $56,002,750 over the last 90 days.

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.

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