SelectQuote, Inc. (NYSE:SLQT) Director Denise L. Devine Purchases 4,000 Shares

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

SelectQuote Price Performance

Shares of SLQT opened at $3.62 on Thursday. SelectQuote, Inc. has a 12-month low of $1.48 and a 12-month high of $6.86. The business has a 50-day simple moving average of $4.39 and a two-hundred day simple moving average of $3.28. 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 cap of $622.30 million, a PE ratio of -40.17 and a beta of 1.13.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share (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%. Analysts anticipate that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SLQT has been the subject of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

Institutional Investors Weigh In On SelectQuote

Several large investors have recently added to or reduced their stakes in SLQT. Bank of Montreal Can grew its stake in SelectQuote by 1.3% in the fourth quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock valued at $754,000 after acquiring an additional 2,674 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in SelectQuote by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock valued at $286,000 after acquiring an additional 3,352 shares during the period. Invesco Ltd. boosted its position in shares of SelectQuote by 1.7% during the fourth quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock valued at $838,000 after buying an additional 3,776 shares during the last quarter. Mason Investment Advisory Services Inc. boosted its position in shares of SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after buying an additional 5,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of SelectQuote by 2.6% during the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after buying an additional 5,235 shares during the last quarter. Institutional investors and hedge funds 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.