Key Points
- SelectQuote COO William Grant bought 79,600 shares at an average of $0.51, spending about $40,596. His direct holdings rose 2.35% to 3,468,094 shares.
- Executives and directors purchased a combined 919,905 shares for about $447,000 in transactions on November 6 and 9.
- For the latest quarter, SelectQuote reported a loss of $0.21 per share, better than the $0.33 loss analysts expected, and revenue of $280.01 million, slightly above estimates.
SelectQuote, Inc. (NYSE:SLQT - Get Free Report) COO William Grant, III acquired 79,600 shares of the business's stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $0.51 per share, for a total transaction of $40,596.00. Following the completion of the transaction, the chief operating officer directly owned 3,468,094 shares in the company, valued at $1,768,727.94. The trade was a 2.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
SelectQuote Stock Up 2.6%
NYSE:SLQT opened at $0.46 on Wednesday. The firm has a market cap of $82.36 million, a P/E ratio of 44.73 and a beta of 2.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 7.48 and a current ratio of 7.48. SelectQuote, Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $1.76. The firm has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.75.
SelectQuote (NYSE:SLQT - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.12. SelectQuote had a net margin of 4.61% and a return on equity of 22.48%. The firm had revenue of $280.01 million for the quarter, compared to the consensus estimate of $277.91 million. Analysts predict that SelectQuote, Inc. will post -0.25 earnings per share for the current fiscal year.
SelectQuote News Roundup
Here are the key news stories impacting SelectQuote this week:
- Positive Sentiment: Executives and directors bought a combined 919,905 shares for about $447,000 in transactions on November 6 and 9. Purchasers included the CEO, president, COO, and two directors; the largest reported purchase was 409,836 shares by Director Raymond F. Weldon. Broad insider buying may signal confidence, though it does not guarantee improved results. SEC filing SEC filing
- Neutral Sentiment: A report says SelectQuote placed fewer Medicare policies but earned more on each one. Higher per-policy earnings may partly offset weaker policy volume, but the article details provided do not establish the overall effect on revenue or profit. SelectQuote places fewer Medicare policies but earns more on each one
Institutional Investors Weigh In On SelectQuote
Several institutional investors and hedge funds have recently added to or reduced their stakes in SLQT. Empowered Funds LLC grew its position in SelectQuote by 10.4% in the 1st quarter. Empowered Funds LLC now owns 491,568 shares of the company's stock worth $309,000 after purchasing an additional 46,258 shares during the period. State of Wyoming raised its stake in SelectQuote by 103.4% during the 1st quarter. State of Wyoming now owns 95,382 shares of the company's stock valued at $60,000 after buying an additional 48,483 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of SelectQuote during the 2nd quarter valued at $51,000. Persistent Asset Partners Ltd bought a new position in shares of SelectQuote during the 2nd quarter valued at $57,000. Finally, Corient Private Wealth LP purchased a new position in shares of SelectQuote in the 2nd quarter worth $71,000. Hedge funds and other institutional investors own 34.59% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on SLQT shares. Zacks Research raised SelectQuote from a "strong sell" rating to a "hold" rating in a report on Monday, October 26th. Weiss Ratings downgraded SelectQuote from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, August 17th. Finally, Wall Street Zen cut SelectQuote from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.00.
Get Our Latest Research Report on SelectQuote
About SelectQuote
(
Get Free Report)
SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote's primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.
Further Reading
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