Insider Buying: SelectQuote, Inc. (NYSE:SLQT) Director Purchases 4,000 Shares of Stock

SelectQuote, Inc. (NYSE:SLQT) Director Denise L. Devine acquired 4,000 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $3.62 per share, for a total transaction of $14,480.00. Following the acquisition, the director now owns 318,583 shares in the company, valued at $1,153,270.46. The trade was a 1.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

SelectQuote Stock Performance

SLQT opened at $3.81 on Friday. The firm has a market capitalization of $655.01 million, a P/E ratio of -42.28 and a beta of 1.13. The stock’s 50 day moving average price is $4.38 and its two-hundred day moving average price is $3.28. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote, Inc. has a 12-month low of $1.48 and a 12-month high of $6.86.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, February 10th. The company reported $0.30 earnings per share (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%. On average, equities analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Institutional Trading of SelectQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. Connor Clark & Lunn Investment Management Ltd. grew its holdings in SelectQuote by 17.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company’s stock valued at $1,353,000 after buying an additional 91,071 shares during the last quarter. Intech Investment Management LLC acquired a new stake in SelectQuote in the 3rd quarter valued at approximately $123,000. Charles Schwab Investment Management Inc. grew its holdings in shares of SelectQuote by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,663 shares of the company’s stock worth $2,564,000 after purchasing an additional 53,159 shares in the last quarter. Mason Investment Advisory Services Inc. grew its holdings in shares of SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of SelectQuote during the 3rd quarter worth approximately $311,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SLQT shares. Noble Financial raised 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 price objective on shares of SelectQuote in a report on Friday, November 22nd.

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.