SelectQuote, Inc. (NYSE:SLQT) Director Denise L. Devine Acquires 4,000 Shares

SelectQuote, Inc. (NYSE:SLQT) Director Denise L. Devine acquired 4,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $3.62 per share, for a total transaction of $14,480.00. Following the completion of the purchase, the director now owns 318,583 shares of the company’s stock, valued at $1,153,270.46. This trade represents a 1.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SelectQuote Trading Down 0.7 %

NYSE SLQT opened at $3.79 on Friday. SelectQuote, Inc. has a one year low of $1.48 and a one year high of $6.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The firm’s fifty day moving average is $4.37 and its two-hundred day moving average is $3.28. The firm has a market cap of $651.57 million, a PE ratio of -42.06 and a beta of 1.13.

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

Analyst Ratings Changes

SLQT has been the topic of a number of recent research reports. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SLQT. Sona Asset Management US LLC acquired a new position in shares of SelectQuote during the fourth quarter worth about $2,847,000. Portolan Capital Management LLC acquired a new position in shares of SelectQuote during the fourth quarter worth about $1,873,000. Marshall Wace LLP boosted its holdings in SelectQuote by 48.1% during the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company’s stock worth $3,914,000 after buying an additional 341,981 shares in the last quarter. AXA S.A. purchased a new stake in SelectQuote during the fourth quarter worth about $1,223,000. Finally, JPMorgan Chase & Co. boosted its holdings in SelectQuote by 66.8% during the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company’s stock worth $2,666,000 after buying an additional 287,128 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.