Fifth Third Bancorp Grows Stake in Slide Insurance Holdings, Inc. $SLDE

Key Points

• Fifth Third Bancorp massively increased its stake in Slide Insurance in Q4—raising holdings by 529,826.4% after buying 381,475 shares, ending with 381,547 shares (~0.31% of the company) valued at about $7.43 million, while several other institutions also opened new positions.
• Slide beat Q1 expectations with $1.02 EPS vs. $0.82 consensus on $389.3M revenue and strong profitability (ROE ~50%, net margin ~38.9%), and the board authorized a $100M share repurchase (≈4.3% of shares) alongside growth guidance for 2026 gross written premiums.
• Significant insider selling has occurred recently—CEO Bruce Lucas and others executed large sales (insiders sold about 3.66M shares worth ~$67.55M over the past 90 days), a factor that could create near-term selling pressure despite operational strength.

Fifth Third Bancorp raised its holdings in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) by 529,826.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,547 shares of the company's stock after buying an additional 381,475 shares during the period. Fifth Third Bancorp owned about 0.31% of Slide Insurance worth $7,433,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Great Lakes Advisors LLC purchased a new stake in Slide Insurance during the 3rd quarter worth about $3,113,000. HB Wealth Management LLC purchased a new stake in Slide Insurance during the 3rd quarter worth about $955,000. Cyndeo Wealth Partners LLC purchased a new stake in Slide Insurance during the 4th quarter worth about $2,235,000. Federated Hermes Inc. purchased a new stake in Slide Insurance during the 3rd quarter worth about $9,471,000. Finally, Quantbot Technologies LP purchased a new stake in Slide Insurance during the 3rd quarter worth about $871,000.

Slide Insurance Stock Down 0.3%

Shares of NASDAQ:SLDE opened at $18.60 on Friday. The stock's 50-day moving average price is $18.19 and its two-hundred day moving average price is $17.40. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The firm has a market cap of $2.13 billion and a price-to-earnings ratio of 5.17.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.20. Slide Insurance had a return on equity of 50.01% and a net margin of 38.86%.The firm had revenue of $389.28 million for the quarter. On average, research analysts forecast that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current year.

Slide Insurance announced that its Board of Directors has initiated a share buyback program on Tuesday, April 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at Slide Insurance

In other news, CEO Bruce Lucas sold 191,276 shares of the business's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $19.24, for a total transaction of $3,680,150.24. Following the completion of the sale, the chief executive officer owned 36,571,004 shares in the company, valued at approximately $703,626,116.96. The trade was a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Paul Larson sold 44,752 shares of the business's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $20.02, for a total value of $895,935.04. Following the sale, the insider owned 1,250 shares of the company's stock, valued at $25,025. The trade was a 97.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,663,954 shares of company stock worth $67,551,017 over the last 90 days.

Analyst Upgrades and Downgrades

SLDE has been the subject of a number of recent research reports. Zacks Research cut Slide Insurance from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Barclays lifted their price objective on Slide Insurance from $29.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen cut Slide Insurance from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Piper Sandler lifted their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods raised their price target on Slide Insurance from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, March 9th. One investment 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. Based on data from MarketBeat.com, Slide Insurance currently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

Key Slide Insurance News

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

• Positive Sentiment: Q1 beat: Slide reported $1.02 EPS vs. $0.82 expected and $389.3M revenue, showing strong premium growth and improved profitability — a clear operational upside supporting the stock. Earnings Call Transcript
• Positive Sentiment: Board authorized a $100M share repurchase program (≈4.3% of shares), a shareholder-friendly move that can boost EPS and signal management confidence. Repurchase Announcement
• Positive Sentiment: 2026 growth/guidance: Slide expects $1.85B–$1.95B in gross written premiums for 2026 and is arranging a ~ $3.5B first-event reinsurance tower — signals scale ambition and risk management as it grows. Guidance / Reinsurance
• Positive Sentiment: Institutional buying and new positions (including notable investors adding shares) suggest growing institutional conviction that could support demand. Institutional Interest
• Neutral Sentiment: Earnings call transcripts and management commentary are available for deeper diligence; the call provides color on reserve assumptions and reinsurance plans but no new surprise items. Earnings Call (Fool)
• Negative Sentiment: Heavy insider selling: CEO Bruce Lucas, COO Shannon Lucas and other insiders executed multiple large sales across late April (hundreds of thousands of shares across several tranches). Repeated, sizable disposals can create near-term selling pressure and raise investor caution. Bruce Lucas Sale
• Negative Sentiment: Analyst momentum: Zacks downgraded SLDE from “strong-buy” to “hold,” which may prompt short-term selling by momentum-driven funds despite the earnings beat. Zacks Downgrade

Slide Insurance Profile

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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