Insider Selling: SelectQuote, Inc. (NYSE:SLQT) Insider Sells $272,000.00 in Stock

SelectQuote, Inc. (NYSE:SLQT) insider Sarah Taylor Anderson sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $4.56 on Friday. SelectQuote, Inc. has a twelve month low of $1.48 and a twelve month high of $6.86. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $784.98 million, a price-to-earnings ratio of -50.67 and a beta of 1.15. The business has a 50 day simple moving average of $4.41 and a 200-day simple moving average of $3.28.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, equities research analysts expect that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On SelectQuote

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its position in SelectQuote by 1.3% during the 4th quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock valued at $754,000 after purchasing an additional 2,674 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in SelectQuote by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock valued at $286,000 after purchasing an additional 3,352 shares during the period. Invesco Ltd. boosted its position in SelectQuote by 1.7% during the 4th quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock valued at $838,000 after purchasing an additional 3,776 shares during the period. Mason Investment Advisory Services Inc. boosted its position in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares during the period. Finally, Rhumbline Advisers boosted its position in SelectQuote by 2.6% during the 4th quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after purchasing an additional 5,235 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

About SelectQuote

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.