Slide Insurance Holdings Inc. (NASDAQ:SLDE) is one of the best new stocks to buy right now. On September 18, Keefe Bruyette upgraded Slide Insurance to Outperform from Market Perform rating with a price target of $19, which was lowered from $20. The company reported a strong performance for Q2 2025, where the total revenue for the quarter increased by 25.1% to $261.6 million due to higher net premiums earned.
The net income saw a rise of 30.5% to $70.1 million, which translated into a diluted EPS of $0.56. Gross premiums written grew 25.0% year-over-year to $435.4 million, which was attributed to the acquisition of additional policies from Citizens and consistent renewal rates. Key factors contributing to the financial results include a positive contribution from net investment income, which rose to $15.0 million from $12.2 million in the prior year.
Slide Insurance Holdings Inc. engages in underwriting single-family and condominium policies in the property and casualty industry in the US.
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This article is originally published at Insider Monkey.
