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

SelectQuote, Inc. (NYSE:SLQT) insider Sarah Taylor Anderson sold 50,000 shares of SelectQuote stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction 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 trade represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

SelectQuote Trading Up 6.5 %

Shares of NYSE:SLQT opened at $4.59 on Thursday. The business’s 50 day moving average price is $4.34 and its 200-day moving average price is $3.26. SelectQuote, Inc. has a 1 year low of $1.48 and a 1 year high of $6.86. The firm has a market capitalization of $790.14 million, a price-to-earnings ratio of -51.00 and a beta of 1.15. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. On average, equities research analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th.

Institutional Investors Weigh In On SelectQuote

Several institutional investors have recently bought and sold shares of the company. Creative Planning lifted its position in shares of SelectQuote by 6.6% in the third quarter. Creative Planning now owns 100,019 shares of the company’s stock valued at $217,000 after acquiring an additional 6,150 shares in the last quarter. Iridian Asset Management LLC CT purchased a new position in SelectQuote in the 3rd quarter valued at $222,000. KCM Investment Advisors LLC acquired a new stake in SelectQuote during the 3rd quarter worth $608,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in SelectQuote by 17.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company’s stock worth $1,353,000 after purchasing an additional 91,071 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of SelectQuote during the third quarter worth $123,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.