SelectQuote (NYSE:SLQT) Now Covered by Analysts at Craig Hallum

Craig Hallum assumed coverage on shares of SelectQuote (NYSE:SLQT - Free Report) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $4.50 price objective on the stock.

SelectQuote Trading Up 12.0 %

NYSE:SLQT traded up $0.23 during trading hours on Monday, reaching $2.15. The company's stock had a trading volume of 2,671,547 shares, compared to its average volume of 988,701. The firm has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $2.77. The company has a debt-to-equity ratio of 2.01, a quick ratio of 6.84 and a current ratio of 6.84. SelectQuote has a 1 year low of $1.03 and a 1 year high of $4.46. The firm has a market capitalization of $363.69 million, a price-to-earnings ratio of -7.02 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC increased its position in shares of SelectQuote by 147.1% in the second quarter. Algert Global LLC now owns 50,429 shares of the company's stock valued at $139,000 after acquiring an additional 30,019 shares during the period. AQR Capital Management LLC raised its stake in SelectQuote by 111.7% during the second quarter. AQR Capital Management LLC now owns 88,937 shares of the company's stock valued at $245,000 after buying an additional 46,919 shares during the last quarter. Bank of Montreal Can bought a new stake in SelectQuote in the second quarter worth $545,000. Renaissance Technologies LLC grew its stake in shares of SelectQuote by 6.5% in the second quarter. Renaissance Technologies LLC now owns 726,997 shares of the company's stock worth $2,007,000 after acquiring an additional 44,397 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of SelectQuote by 158.8% during the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company's stock valued at $768,000 after acquiring an additional 170,726 shares in the last quarter. Institutional investors own 34.59% 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.