KCM Investment Advisors LLC Sells 232,392 Shares of SelectQuote, Inc. (NYSE:SLQT)

KCM Investment Advisors LLC trimmed its position in SelectQuote, Inc. (NYSE:SLQT) by 83.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,608 shares of the company’s stock after selling 232,392 shares during the quarter. KCM Investment Advisors LLC’s holdings in SelectQuote were worth $177,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLQT. JPMorgan Chase & Co. lifted its position in shares of SelectQuote by 66.8% during the 4th 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 during the last quarter. Diametric Capital LP acquired a new stake in shares of SelectQuote in the 4th quarter valued at approximately $722,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SelectQuote by 23.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company’s stock valued at $2,875,000 after purchasing an additional 149,283 shares during the last quarter. Barclays PLC increased its position in SelectQuote by 166.8% during the 3rd quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after purchasing an additional 124,005 shares in the last quarter. Finally, Kazazian Asset Management LLC bought a new position in SelectQuote in the 4th quarter valued at approximately $453,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

SelectQuote Stock Performance

SelectQuote stock opened at $3.19 on Monday. The business has a 50 day moving average of $4.24 and a 200-day moving average of $3.32. The company has a market capitalization of $548.28 million, a P/E ratio of -35.39 and a beta of 1.25. SelectQuote, Inc. has a 1 year low of $1.48 and a 1 year 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 quarterly earnings results on Monday, February 10th. The company reported $0.30 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%. On average, equities research analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

Insider Buying and Selling at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the company’s stock in a transaction 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 directly owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 11.40% of the company’s stock.

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.