SelectQuote (NYSE:SLQT) Releases Quarterly Earnings Results

SelectQuote (NYSE:SLQT) posted its earnings results on Friday. The company reported ($0.18) EPS for the quarter, reports. SelectQuote had a negative net margin of 4.12% and a negative return on equity of 12.03%. The firm had revenue of $307.21 million for the quarter. SelectQuote updated its FY 2025 guidance to EPS.

SelectQuote Stock Performance

Shares of NYSE:SLQT opened at $2.02 on Monday. The firm has a fifty day simple moving average of $3.60 and a two-hundred day simple moving average of $2.77. The company has a quick ratio of 6.34, a current ratio of 6.34 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $341.70 million, a P/E ratio of -6.31 and a beta of 1.08. SelectQuote has a 52 week low of $1.03 and a 52 week high of $4.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLQT. Jacobs Levy Equity Management Inc. increased its position in SelectQuote by 229.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after acquiring an additional 808,850 shares during the last quarter. Renaissance Technologies LLC raised its position in SelectQuote by 6.5% in the 2nd quarter. Renaissance Technologies LLC now owns 726,997 shares of the company’s stock worth $2,007,000 after purchasing an additional 44,397 shares during the period. Bank of New York Mellon Corp lifted its stake in SelectQuote by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock worth $1,305,000 after purchasing an additional 58,481 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of SelectQuote by 85.5% during the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after buying an additional 189,029 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SelectQuote by 158.8% in the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock worth $768,000 after buying an additional 170,726 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.