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

JPMorgan Chase & Co. grew its stake in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 429,656 shares of the company's stock after buying an additional 115,865 shares during the period. JPMorgan Chase & Co. owned 0.25% of SelectQuote worth $932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLQT. Barclays PLC increased its stake in SelectQuote by 166.8% in the 3rd 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. KCM Investment Advisors LLC bought a new position in shares of SelectQuote in the third quarter worth approximately $608,000. Geode Capital Management LLC increased 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 purchasing an additional 43,197 shares during the last quarter. State Street Corp lifted its position in SelectQuote by 0.7% during the third 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 last quarter. Finally, Creative Planning grew its stake in SelectQuote by 6.6% in the 3rd quarter. Creative Planning now owns 100,019 shares of the company's stock worth $217,000 after buying an additional 6,150 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Trading Up 0.2 %

Shares of SelectQuote stock traded up $0.01 during trading on Friday, reaching $4.47. The company's stock had a trading volume of 1,185,537 shares, compared to its average volume of 1,161,981. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. SelectQuote, Inc. has a 52-week low of $1.08 and a 52-week high of $4.64. The firm's 50-day moving average is $3.41 and its two-hundred day moving average is $3.07. The company has a market cap of $766.63 million, a price-to-earnings ratio of -15.96 and a beta of 1.14.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The business had revenue of $292.26 million for the quarter, compared to analysts' expectations of $275.15 million. During the same quarter in the previous year, the company earned ($0.19) earnings per share. On average, sell-side analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current year.

Analysts Set New Price Targets

SLQT has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum began coverage on SelectQuote in a research report on Monday, September 30th. They set a "buy" rating and a $4.50 price target on the stock.

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.