SelectQuote (NYSE:SLQT) Rating Increased to Strong-Buy at Noble Financial

SelectQuote (NYSE:SLQT) was upgraded by equities researchers at Noble Financial to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd.

SelectQuote Stock Performance

Shares of NYSE SLQT opened at $5.62 on Wednesday. The company has a market capitalization of $963.89 million, a PE ratio of -20.07 and a beta of 1.15. The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The company’s fifty day moving average price is $3.87 and its 200 day moving average price is $3.14. SelectQuote has a 1 year low of $1.41 and a 1 year high of $6.86.

SelectQuote (NYSE:SLQT) last posted its earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. On average, research analysts predict that SelectQuote will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On SelectQuote

Several hedge funds and other institutional investors have recently made changes to their positions in SLQT. Vanguard Group Inc. lifted its holdings in SelectQuote by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock valued at $27,392,000 after purchasing an additional 120,280 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $6,688,000 after buying an additional 43,197 shares during the last quarter. State Street Corp raised its holdings in SelectQuote by 0.7% in the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after acquiring an additional 21,413 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in SelectQuote by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company’s stock worth $4,433,000 after purchasing an additional 10,038 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SelectQuote by 23.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company’s stock worth $2,875,000 after purchasing an additional 149,283 shares during the last quarter. Hedge funds and other institutional investors 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.