600,000 Shares in Slide Insurance Holdings, Inc. $SLDE Bought by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 600,000 shares of the company's stock, valued at approximately $9,471,000. Federated Hermes Inc. owned 0.48% of Slide Insurance at the end of the most recent quarter.A number of other large investors also recently modified their holdings of SLDE. Stratos Wealth Partners LTD. acquired a new position in shares of Slide Insurance in the 2nd quarter valued at about $238,000. FNY Investment Advisers LLC purchased a new position in Slide Insurance in the second quarter valued at approximately $26,000. Envestnet Asset Management Inc. purchased a new stake in Slide Insurance during the second quarter worth approximately $1,333,000. Emerald Advisers LLC acquired a new stake in shares of Slide Insurance in the second quarter worth $708,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Slide Insurance in the second quarter worth $4,387,000. Get Slide Insurance alerts:Analysts Set New Price TargetsA number of analysts recently weighed in on the stock. Piper Sandler upped their price target on shares of Slide Insurance from $18.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, November 6th. Morgan Stanley raised their target price on Slide Insurance from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Monday, November 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Slide Insurance in a report on Friday, December 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Slide Insurance from $19.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, November 6th. Finally, Zacks Research raised shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $23.17.View Our Latest Stock Analysis on Slide InsuranceSlide Insurance Price PerformanceShares of NASDAQ SLDE opened at $17.23 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.04. Slide Insurance Holdings, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $25.90. The business has a 50 day moving average price of $17.59 and a two-hundred day moving average price of $16.40. The firm has a market cap of $2.14 billion and a PE ratio of 12.76. Slide Insurance (NASDAQ:SLDE - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.79 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 Company Profile (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”). 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.Featured StoriesFive stocks we like better than Slide InsuranceTrump just signed itThis is the Exact Moment the AI Boom Will EndALERT: Drop these 5 stocks before the market opens tomorrow!Refund From 1933: Trump’s Reset May Create Instant WealthThe gold chart Wall Street is terrified of…This 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. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Slide Insurance Right Now?Before you consider Slide Insurance, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Slide Insurance wasn't on the list.While Slide Insurance currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here