Russell Investments Group Ltd. Acquires New Position in Slide Insurance Holdings, Inc. $SLDE

Russell Investments Group Ltd. bought a new position in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 195,998 shares of the company's stock, valued at approximately $4,245,000. Russell Investments Group Ltd. owned approximately 0.16% of Slide Insurance at the end of the most recent reporting period.Get Slide Insurance alerts:A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. bought a new stake in Slide Insurance during the second quarter worth about $56,229,000. Boston Partners bought a new stake in Slide Insurance in the 2nd quarter worth $10,701,000. Emerald Mutual Fund Advisers Trust purchased a new position in Slide Insurance during the 2nd quarter valued at about $4,387,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Slide Insurance during the second quarter valued at approximately $2,667,000. Finally, Geode Capital Management LLC bought a new position in Slide Insurance in the 2nd quarter worth $2,245,000. Slide Insurance Trading Up 0.7%Shares of SLDE stock opened at $16.13 on Friday. The company's 50 day moving average is $15.95. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. Slide Insurance (NASDAQ:SLDE - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.30. The business had revenue of $265.69 million for the quarter, compared to analysts' expectations of $279.36 million. Slide Insurance announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 27th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued. Analyst Ratings ChangesSeveral equities analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Monday, November 17th. Zacks Research raised shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Slide Insurance in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Slide Insurance from $19.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, November 6th. Finally, Piper Sandler boosted their price target on Slide Insurance from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Slide Insurance presently has a consensus rating of "Buy" and an average target price of $23.17.View Our Latest Research Report on Slide InsuranceAbout Slide Insurance (Free Report)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”).Read MoreFive stocks we like better than Slide InsuranceHow Can Investors Benefit From After-Hours TradingUlta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?What is the S&P 500 and How It is Distinct from Other IndexesGates Foundation Sells MSFT Stock—Should Investors Be Worried?Utilities Stocks Explained – How and Why to Invest in UtilitiesMarketBeat Week in Review – 12/1 - 12/5This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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