Insider Selling: Slide Insurance (NASDAQ:SLDE) CEO Sells 114,077 Shares of Stock

Key Points

• CEO Bruce Lucas sold 114,077 shares on April 7 at an average of $18.00 as part of a series of pre‑arranged Rule 10b5‑1 sales over March–April that aggregate to roughly $25 million; he still directly owns about 38.0 million shares (a 0.30% reduction from this sale).
• Company fundamentals and investor backdrop are positive: Slide completed a $120 million share buyback, beat Q4 EPS expectations ($1.23 vs. $0.87) on $347 million revenue, trades at a market cap of ~$2.25 billion with a P/E ≈7, and has mostly Buy ratings with a consensus price target of $24.40.

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) CEO Bruce Lucas sold 114,077 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $18.00, for a total transaction of $2,053,386.00. Following the completion of the transaction, the chief executive officer directly owned 38,016,049 shares of the company's stock, valued at $684,288,882. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bruce Lucas also recently made the following trade(s):

• On Wednesday, April 8th, Bruce Lucas sold 121,414 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total transaction of $2,186,666.14.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,469,285.00.
• On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,448,951.84.
• On Wednesday, April 1st, Bruce Lucas sold 8,771 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total transaction of $157,965.71.
• On Tuesday, March 31st, Bruce Lucas sold 247,008 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total transaction of $4,470,844.80.
• On Thursday, March 26th, Bruce Lucas sold 178,733 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total transaction of $3,224,343.32.
• On Tuesday, March 17th, Bruce Lucas sold 98,716 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total transaction of $1,820,323.04.
• On Monday, March 16th, Bruce Lucas sold 227,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total transaction of $4,124,575.00.
• On Wednesday, March 11th, Bruce Lucas sold 2,730 shares of Slide Insurance stock. The stock was sold at an average price of $17.42, for a total transaction of $47,556.60.
• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total transaction of $2,156,609.00.

Slide Insurance Stock Performance

SLDE traded up $0.15 during trading on Wednesday, reaching $18.10. 1,399,943 shares of the company's stock were exchanged, compared to its average volume of 2,671,868. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $2.25 billion and a P/E ratio of 7.02. The company's fifty day simple moving average is $17.71 and its 200-day simple moving average is $17.04.

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, topping analysts' consensus estimates of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Institutional Investors Weigh In On Slide Insurance

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake in Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company's stock valued at $26,000 after acquiring an additional 1,281 shares during the period. CWM LLC acquired a new stake in Slide Insurance in the 4th quarter valued at $35,000. Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance in the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd acquired a new stake in Slide Insurance in the 4th quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company's stock valued at $49,000 after acquiring an additional 2,468 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SLDE. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Slide Insurance in a research note on Friday, December 26th. Texas Capital raised shares of Slide Insurance to a "strong-buy" rating in a research note on Wednesday, March 18th. Zacks Research raised shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 17th. Piper Sandler raised their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, February 26th. Finally, Barclays raised their price objective on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $24.40.

Key Slide Insurance News

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

• Positive Sentiment: Company announced completion of a $120 million share buyback, which reduces share count and is typically supportive of EPS and the stock price. Slide Insurance (SLDE) Completes $120 Million Share Buyback
• Positive Sentiment: An analyst write-up (Zacks) highlighted SLDE as one of three mid-cap multi-line insurers with near-term upside potential, which can attract buyers and lift sentiment. Buy 3 Mid-Cap Multi-Line Insurance Stocks to Tap Solid Near-Term Upside
• Positive Sentiment: Recent fundamentals: SLDE reported a solid quarterly beat (Feb 24) with $1.23 EPS vs. $0.87 expected and strong revenue, which supports a higher valuation and investor confidence.
• Neutral Sentiment: Technical/valuation context — market cap roughly $2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; these metrics provide context but are not an immediate catalyst.
• Negative Sentiment: Multiple insider sales: CEO Bruce Lucas, COO Shannon Lucas, a director and another insider executed sizable stock sales April 6–8 (aggregating several hundred thousand shares sold at ~\$18). All trades were reported under pre-arranged Rule 10b5-1 plans (reduces suspicious timing concerns but still can weigh on sentiment when large insiders sell). SEC Filing — Bruce Lucas

Slide Insurance Company 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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