Slide Insurance (NASDAQ:SLDE) Upgraded to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Slide Insurance (NASDAQ:SLDE - Free Report) to a hold rating in a research note issued to investors on Monday morning, MarketBeat.com reports. The brokerage currently has $20.00 target price on the stock.

Several other research firms have also recently weighed in on SLDE. Morgan Stanley assumed coverage on Slide Insurance in a research report on Monday. They issued an "equal weight" rating and a $19.00 price objective for the company. Citigroup assumed coverage on Slide Insurance in a research report on Monday. They issued an "outperform" rating for the company. Piper Sandler assumed coverage on Slide Insurance in a research report on Sunday. They issued an "overweight" rating and a $25.00 target price for the company. Finally, Wall Street Zen raised Slide Insurance to a "hold" rating in a research report on Saturday, July 5th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Slide Insurance has a consensus rating of "Moderate Buy" and an average target price of $23.17.

Slide Insurance Stock Down 1.5%

Slide Insurance stock traded down $0.28 during trading hours on Monday, reaching $18.62. 206,777 shares of the company were exchanged, compared to its average volume of 1,149,761. Slide Insurance has a 12 month low of $17.30 and a 12 month high of $25.90.

Insiders Place Their Bets

In other Slide Insurance news, Director Stephen L. Rohde sold 11,082 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total transaction of $175,206.42. Following the completion of the transaction, the director directly owned 9,335 shares in the company, valued at $147,586.35. This represents a 54.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beth Witte Bruce sold 31,029 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total value of $490,568.49. Following the transaction, the director owned 251,645 shares of the company's stock, valued at $3,978,507.45. This represents a 10.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,482 shares of company stock worth $6,758,490 over the last three months.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Slide Insurance stock. Instrumental Wealth LLC bought a new stake in Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,705 shares of the company's stock, valued at approximately $319,000.

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”).