SelectQuote (NYSE:SLQT) Stock Price Up 3.7% – Here’s What Happened

Shares of SelectQuote, Inc. (NYSE:SLQT) traded up 3.7% on Tuesday . The company traded as high as $3.70 and last traded at $3.74. 248,671 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,269,547 shares. The stock had previously closed at $3.60.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Stock Up 1.5 %

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 market cap of $628.84 million, a P/E ratio of -40.62 and a beta of 1.13. The stock has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $3.28.

SelectQuote (NYSE:SLQT) last issued its quarterly 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%. On average, research analysts expect that SelectQuote, Inc. 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 that occurred on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the sale, the insider now directly owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.40% of the stock is currently owned by company insiders.

Institutional Trading of SelectQuote

A number of large investors have recently bought and sold shares of SLQT. Sona Asset Management US LLC purchased a new stake in SelectQuote in the fourth quarter worth $2,847,000. Portolan Capital Management LLC purchased a new stake in SelectQuote in the fourth quarter worth $1,873,000. Marshall Wace LLP increased its position in SelectQuote by 48.1% in 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 during the last quarter. AXA S.A. purchased a new stake in SelectQuote in the fourth quarter worth $1,223,000. Finally, JPMorgan Chase & Co. increased its position in SelectQuote by 66.8% in 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 during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.