Paloma Partners Management Co Takes Position in SelectQuote, Inc. (NYSE:SLQT)

Paloma Partners Management Co bought a new stake in SelectQuote, Inc. (NYSE:SLQT) during the fourth quarter, HoldingsChannel reports. The firm bought 38,260 shares of the company’s stock, valued at approximately $142,000.

A number of other institutional investors have also modified their holdings of the stock. Northern Trust Corp raised its stake in SelectQuote by 1.1% during the fourth quarter. Northern Trust Corp now owns 1,134,198 shares of the company’s stock worth $4,219,000 after acquiring an additional 11,957 shares during the period. Price T Rowe Associates Inc. MD raised its stake in SelectQuote by 16.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,819 shares of the company’s stock worth $193,000 after acquiring an additional 7,322 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in SelectQuote during the fourth quarter worth about $46,000. MetLife Investment Management LLC raised its stake in SelectQuote by 84.8% during the fourth quarter. MetLife Investment Management LLC now owns 80,248 shares of the company’s stock worth $299,000 after acquiring an additional 36,815 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in SelectQuote by 35.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company’s stock worth $3,929,000 after acquiring an additional 275,593 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Insider Buying and Selling at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.40% of the company’s stock.

Wall Street Analyst Weigh In

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

SelectQuote Trading Down 2.7 %

Shares of NYSE:SLQT opened at $3.29 on Wednesday. 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 stock has a market capitalization of $566.35 million, a price-to-earnings ratio of -36.56 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 50 day moving average price of $3.57 and a 200 day moving average price of $3.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, beating 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%. On average, research analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

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.