Insider Selling: SelectQuote, Inc. (NYSE:SLQT) Insider Sells 50,000 Shares of Stock

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) insider Sarah Taylor Anderson sold 50,000 shares of the firm's stock in a transaction dated 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 directly owns 1,166 shares in the company, valued at $6,343.04. This trade represents a 97.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

SelectQuote Price Performance

SLQT traded down $0.07 during trading on Friday, reaching $4.56. 3,497,926 shares of the stock were exchanged, compared to its average volume of 1,241,161. The business's 50 day moving average price is $4.41 and its two-hundred day moving average price is $3.28. 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 capitalization of $784.98 million, a price-to-earnings ratio of -50.67 and a beta of 1.15. SelectQuote, Inc. has a 1 year low of $1.48 and a 1 year high of $6.86.

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

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Hedge Funds Weigh In On SelectQuote

Institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company's stock worth $430,000 after acquiring an additional 124,005 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SelectQuote by 36.9% during the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock worth $932,000 after acquiring an additional 115,865 shares during the last quarter. KCM Investment Advisors LLC purchased a new stake in shares of SelectQuote in the third quarter worth about $608,000. SG Americas Securities LLC boosted its position in shares of SelectQuote by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 91,508 shares of the company's stock worth $340,000 after buying an additional 8,660 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of SelectQuote by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock worth $6,688,000 after buying an additional 43,197 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SLQT has been the topic of several research analyst reports. Noble Financial raised SelectQuote to a "strong-buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd.

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.