Connor Clark & Lunn Investment Management Ltd. Boosts Stake in SelectQuote, Inc. (NYSE:SLQT)

Connor Clark & Lunn Investment Management Ltd. increased its stake in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 772,831 shares of the company's stock after acquiring an additional 149,283 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.45% of SelectQuote worth $2,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of SelectQuote by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock valued at $6,688,000 after acquiring an additional 43,197 shares during the last quarter. State Street Corp increased its holdings in SelectQuote by 0.7% during the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company's stock valued at $6,280,000 after purchasing an additional 21,413 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in SelectQuote by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock valued at $4,433,000 after purchasing an additional 10,038 shares during the period. JPMorgan Chase & Co. increased its holdings in SelectQuote by 36.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock valued at $932,000 after purchasing an additional 115,865 shares during the period. Finally, Rhumbline Advisers increased its holdings in SelectQuote by 2.6% during the 4th quarter. Rhumbline Advisers now owns 209,743 shares of the company's stock valued at $780,000 after purchasing an additional 5,235 shares during the period. Institutional investors own 34.59% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on SLQT. Noble Financial upgraded SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada reiterated a "sector perform" rating and set a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd.

SelectQuote Stock Down 0.7 %

Shares of SLQT stock traded down $0.03 during midday trading on Friday, reaching $3.79. 1,395,829 shares of the stock were exchanged, compared to its average volume of 2,078,714. SelectQuote, Inc. has a 1 year low of $1.48 and a 1 year high of $6.86. The company's 50 day moving average is $4.38 and its two-hundred day moving average is $3.28. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm has a market cap of $651.57 million, a PE ratio of -42.06 and a beta of 1.13.

SelectQuote (NYSE:SLQT - Get Free Report) 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 return on equity of 4.38% and a negative net margin of 0.95%. On average, equities research analysts predict 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 company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. 11.40% of the stock is currently owned by insiders.

SelectQuote 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.