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

SelectQuote, Inc. (NYSE:SLQT) Director Denise L. Devine purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $3.62 per share, for a total transaction of $14,480.00. Following the completion of the acquisition, the director now directly owns 318,583 shares in the company, valued at $1,153,270.46. The trade was a 1.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SelectQuote Price Performance

Shares of NYSE:SLQT traded up $0.10 on Wednesday, hitting $3.62. The company’s stock had a trading volume of 721,219 shares, compared to its average volume of 1,273,905. The company has a market capitalization of $622.30 million, a PE ratio of -40.17 and a beta of 1.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36. The company has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $3.28. SelectQuote, Inc. has a 1 year low of $1.48 and a 1 year high of $6.86.

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

Hedge Funds Weigh In On SelectQuote

Several institutional investors and hedge funds have recently made changes to their positions in SLQT. OneDigital Investment Advisors LLC purchased a new stake in shares of SelectQuote during the fourth quarter worth about $46,000. Oppenheimer & Co. Inc. purchased a new stake in SelectQuote during the 4th quarter valued at about $47,000. Cibc World Markets Corp purchased a new position in shares of SelectQuote in the fourth quarter worth $47,000. Bayesian Capital Management LP bought a new stake in shares of SelectQuote in the fourth quarter worth approximately $55,000. Finally, Mason Investment Advisory Services Inc. raised its stake 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 buying an additional 5,000 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SLQT shares. Noble Financial raised SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued 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.