Intel stock extends gains after report of possible U.S. government stake
Investing.com - JMP Securities has reiterated its Market Outperform rating and $25.00 price target on Slide Insurance Holdings (NASDAQ:SLDE) following the company’s second-quarter 2025 financial results. The stock, currently trading at $17.02, shows strong fundamentals with a "GREAT" financial health score according to InvestingPro analysis.
Slide Insurance reported operating earnings per share of $0.56, exceeding both JMP’s estimate of $0.45 and the consensus estimate of $0.44. The company’s loss ratio came in at 37%, lower than the expected 44%, driven by favorable prior year reserve development and lower catastrophe losses. This performance reflects the company’s strong profitability metrics, with revenue growing 65% year-over-year and maintaining an attractive P/E ratio of 1.96.
The insurer posted gross written premiums that increased 28% during the quarter, broadly in line with JMP’s projection of 29% growth. Management is reportedly keeping some capital available for policy takeouts later this year.
JMP noted that Slide has recently received approval to assume up to 175,000 policies during the fourth quarter, significantly higher than JMP’s previous estimate of 25,000 policies.
The company’s book value stood at $6.15 per share as of June 30, slightly better than JMP’s estimate of $6.05. JMP’s $25 price target represents 2.6 times year-end 2026 estimated book value and 10 times 2026 estimated earnings per share.
In other recent news, Slide Insurance Holdings has been the focus of several analyst reports. Barclays (LON:BARC) initiated coverage with an Overweight rating, highlighting the company’s strong expected return on equity (ROE) and its technology-driven underwriting platform. Piper Sandler also gave an Overweight rating, emphasizing Slide’s technological edge and favorable market conditions. Citizens JMP initiated coverage with a Market Outperform rating, noting Slide’s strong position in the Florida residential property insurance market. Meanwhile, Morgan Stanley (NYSE:MS) offered an Equalweight rating, pointing to potential market share growth in Florida and possible expansion into the Northeast and California. Keefe, Bruyette & Woods reiterated a Market Perform rating, maintaining a neutral stance on the company’s prospects. These recent developments reflect a diverse range of perspectives on Slide Insurance’s growth potential and market positioning.
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