Slide Insurance (SLDE) ticks higher in Florida insurer IPO push
Slide Insurance Holdings shares ticked up Tuesday, ahead of other Florida property insurers, after Safepoint lined up an IPO that sets a fresh valuation on the coastal-risk sector. Shares of Slide traded 8 cents higher at $18.71 in the afternoon, putting the company’s market cap close to $2.56 billion. HCI Group eased 1.0%. Universal Insurance Holdings was off 0.3%, and Heritage Insurance Holdings also dropped 0.3%. The SPDR S&P 500 ETF was up about 0.5%.