Denise L. Devine Buys 4,000 Shares of SelectQuote, Inc. (NYSE:SLQT) Stock

SelectQuote, Inc. (NYSE:SLQT) Director Denise L. Devine bought 4,000 shares of the stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $3.62 per share, with a total value of $14,480.00. Following the completion of the transaction, the director now directly owns 318,583 shares in the company, valued at approximately $1,153,270.46. The trade was a 1.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SelectQuote Trading Up 2.7 %

NYSE:SLQT traded up $0.10 during mid-day trading on Wednesday, hitting $3.62. 721,219 shares of the stock traded hands, compared to its average volume of 1,273,905. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $622.30 million, a price-to-earnings ratio of -40.17 and a beta of 1.13. SelectQuote, Inc. has a 52 week low of $1.48 and a 52 week high of $6.86. The firm’s 50 day moving average is $4.40 and its two-hundred day moving average is $3.28.

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

Institutional Trading of SelectQuote

A number of large investors have recently made changes to their positions in SLQT. OneDigital Investment Advisors LLC purchased a new stake in SelectQuote in the 4th quarter valued at about $46,000. Oppenheimer & Co. Inc. purchased a new position in SelectQuote during the 4th quarter worth $47,000. Cibc World Markets Corp bought a new stake in SelectQuote during the 4th quarter valued at $47,000. Bayesian Capital Management LP purchased a new stake in shares of SelectQuote in the 4th quarter worth $55,000. Finally, Mason Investment Advisory Services Inc. grew its position in shares of SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after buying an additional 5,000 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a research note on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

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.