Keefe, Bruyette & Woods Upgrades Slide Insurance Holdings (SLDE) to Outperform

Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith upgraded Slide Insurance Holdings (NASDAQ: SLDE) from Market Perform to Outperform with a price target of $19.00.

The analyst comments "We're upgrading SLDE to Outperform following the stock's recent relative weakness versus Florida peers, expectations for normal seasonal (starting in October) strength, and seeing three specific near-term catalysts: 1) Accretion from 4Q25 Citizens takeouts: SLDE was approved for 175k policy takeouts in 4Q, and consensus models just 20k assumptions. 2) Property cat reinsurance rate softening: XOL reinsurance costs amount to 25% of gross premium, and rates could be down 10-15% next year. 3) Buybacks: With expected ROEs of 45%/30% in 2025E/2026E, premium leverage comes down to 1x next year (it was 2-2.5x from 2022-2024). The stock is trading at just 1.2x our YE26 BV, and SLDE authorized $75m buyback. We have 50% upside to our $19 target based on 7.5x P/E."

For an analyst ratings summary and ratings history on Slide Insurance Holdings click here. For more ratings news on Slide Insurance Holdings click here.

Shares of Slide Insurance Holdings closed at $12.74 yesterday.

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