Full-Year Earnings Guidance Sparks Optimism for Slide Insurance (SLDE)

Slide Insurance Holdings (NASDAQ:SLDE) is one of the best financial pure plays under $100 according to Hedge Funds.

On December 16, management shared its fourth-quarter projections, with gross written premiums expected between $590 million and $600 million. This would result in $1.77 billion to $1.78 billion in full-year gross written premiums and 33% year-on-year topline growth.

The company expects to generate quarterly net income between $115 million and $125 million, corresponding to annual net income of $389 million to $399 million. Chairman and CEO Bruce Lucas said:

“We are very pleased with our performance in the quarter and the year, both from a growth and underwriting standpoint. Our fourth quarter results reflect our continued top and bottom-line expansion, which we believe will continue into 2026. We remain committed to delivering sustainable and profitable growth, which is core to our strategy of creating long-term value for our shareholders. Looking ahead, we anticipate providing 2026 guidance in conjunction with the release of our fourth quarter earnings.”

The consensus sentiment towards Slide Insurance Holdings (NASDAQ:SLDE) is also positive. As of December 30 closing, the stock has received Buy ratings from all four analysts providing coverage. Such bullish consensus has resulted in an estimated 1-year average price target of $22.25. This implies an upside of nearly 14% from the current level.

Alex Scott of Barclays also reiterated his optimism on Slide Insurance Holdings (NASDAQ:SLDE), rating the stock Buy on December 18. Scott has set a $25 price target for the stock, implying nearly 28% upside for investors.

Slide Insurance Holdings (NASDAQ:SLDE) is a tech-enabled insurance company that leverages big data and AI capabilities to offer personalized insurance solutions to customers. Keeping the unique needs and circumstances of individuals in mind, they deliver insurance plans for homeowners, commercial residential properties, and condominiums.

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Disclosure: None. This article is originally published at Insider Monkey.