JPMorgan Chase & Co. Grows Position in SelectQuote, Inc. (NYSE:SLQT)

JPMorgan Chase & Co. grew its holdings in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 66.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716,784 shares of the company's stock after acquiring an additional 287,128 shares during the period. JPMorgan Chase & Co. owned about 0.42% of SelectQuote worth $2,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SLQT. Vanguard Group Inc. raised its holdings in shares of SelectQuote by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company's stock valued at $27,392,000 after purchasing an additional 120,280 shares in the last quarter. Geode Capital Management LLC increased its holdings in SelectQuote by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock valued at $6,688,000 after buying an additional 43,197 shares during the last quarter. State Street Corp raised its stake in SelectQuote by 0.7% in the third quarter. State Street Corp now owns 2,894,067 shares of the company's stock valued at $6,280,000 after buying an additional 21,413 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in SelectQuote by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock valued at $4,433,000 after buying an additional 10,038 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SelectQuote by 23.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company's stock worth $2,875,000 after buying an additional 149,283 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at SelectQuote

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the company's stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.40% of the stock is currently owned by corporate insiders.

SelectQuote Stock Performance

Shares of NYSE:SLQT traded down $0.01 during midday trading on Friday, hitting $3.29. The stock had a trading volume of 599,520 shares, compared to its average volume of 1,361,440. SelectQuote, Inc. has a 1 year low of $1.48 and a 1 year high of $6.86. 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 stock has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $3.42. The company has a market capitalization of $566.35 million, a PE ratio of -36.56 and a beta of 1.25.

SelectQuote (NYSE:SLQT - Get Free Report) last released its 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%. As a group, equities analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

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.