Citizens stock rating reiterated at Market Outperform by JMP

Investing.com - JMP Securities has reiterated its Market Outperform rating and $25.00 price target on Slide Insurance Holdings (NASDAQ:SLDE). The target represents a significant upside from the current price of $14.08, with the stock trading at an attractive P/E ratio of 7.45.

Analyst Matthew Carletti maintained the positive outlook on Slide while noting the company would likely see minimal mark-to-market impacts on its book value in the current quarter.

According to JMP’s analysis, Slide is projected to experience only a +0.1% mark-to-market impact on its book value quarter-to-date when accounting for movements in fixed income and equity markets.

This modest impact places Slide among companies expected to see the least favorable outcomes in this regard, alongside Heritage Insurance (HRTG), which is projected at +0.4% of book value.

By comparison, JMP projects more favorable mark-to-market impacts for other insurers, with RLI (RLI) expected to see +1.9% and Chubb (CB) at +1.8% of book value.

In other recent news, Slide Insurance Holdings announced a $75 million stock repurchase program authorized by its Board of Directors, effective immediately with no time limit. The program allows for stock repurchases through various methods in accordance with federal securities laws. Slide Insurance reported strong second-quarter 2025 financial results, with operating earnings per share of $0.56, surpassing both JMP Securities’ estimate of $0.45 and the consensus estimate of $0.44. JMP Securities reiterated its Market Outperform rating and a $25.00 price target following these results. Barclays initiated coverage on Slide Insurance with an Overweight rating and a $25.00 price target, citing strong expected return on equity and favorable market dynamics. Keefe, Bruyette & Woods maintained a Market Perform rating with a $20.00 price target. Additionally, Citizens JMP initiated coverage with a Market Outperform rating, highlighting Slide’s strong positioning in the Florida residential property insurance market.

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