SelectQuote Sees Unusually High Options Volume (NYSE:SLQT)

SelectQuote, Inc. (NYSE:SLQT) was the recipient of some unusual options trading on Friday. Stock investors acquired 4,430 call options on the company. This represents an increase of approximately 128% compared to the typical daily volume of 1,943 call options.

SelectQuote Trading Down 7.4 %

NYSE SLQT traded down $0.27 on Friday, hitting $3.34. 487,557 shares of the stock were exchanged, compared to its average volume of 1,250,340. The company’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $3.30. The company has a market capitalization of $574.10 million, a price-to-earnings ratio of -37.17 and a beta of 1.13. SelectQuote has a 52-week low of $1.48 and a 52-week high of $6.86. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT) last issued its earnings results on Monday, February 10th. The company reported $0.30 EPS 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%. Research analysts predict that SelectQuote will post -0.07 EPS for the current year.

Insider Activity at SelectQuote

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the completion of the sale, the insider now directly owns 1,166 shares in the company, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in SelectQuote by 1.3% in the fourth quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock worth $754,000 after purchasing an additional 2,674 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in SelectQuote by 4.6% in 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 last quarter. Invesco Ltd. grew its holdings in shares of SelectQuote by 1.7% during the fourth quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock worth $838,000 after purchasing an additional 3,776 shares during the last quarter. Mason Investment Advisory Services Inc. increased its stake in shares of SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after buying an additional 5,235 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLQT. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd.

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.