SelectQuote, Inc. (NYSE:SLQT) Director W Thomas Grant II Purchases 220,100 Shares of Stock

SelectQuote, Inc. (NYSE:SLQT) Director W Thomas Grant II bought 220,100 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $1.17 per share, for a total transaction of $257,517.00. Following the completion of the acquisition, the director now directly owns 220,100 shares in the company, valued at $257,517. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

SelectQuote Stock Performance

Shares of SLQT opened at $1.13 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 8.70 and a current ratio of 8.40. SelectQuote, Inc. has a 1 year low of $0.51 and a 1 year high of $2.94. The stock has a market capitalization of $189.49 million, a P/E ratio of -3.23 and a beta of 0.52. The company’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.70.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Wednesday, September 13th. The company reported ($0.29) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.29). SelectQuote had a negative net margin of 5.84% and a negative return on equity of 13.03%. The business had revenue of $221.78 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 target price on shares of SelectQuote in a report on Thursday, September 14th.

Institutional Investors Weigh In On SelectQuote

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its holdings in SelectQuote by 271.2% in the 1st quarter. FMR LLC now owns 11,862 shares of the company’s stock valued at $26,000 after purchasing an additional 8,666 shares in the last quarter. Franklin Resources Inc. acquired a new stake in SelectQuote during the 2nd quarter worth approximately $31,000. PNC Financial Services Group Inc. grew its position in SelectQuote by 102.6% in the first quarter. PNC Financial Services Group Inc. now owns 13,523 shares of the company’s stock valued at $37,000 after acquiring an additional 6,848 shares in the last quarter. Capstone Financial Advisors Inc. acquired a new stake in SelectQuote in the second quarter valued at approximately $29,000. Finally, Teacher Retirement System of Texas grew its position in SelectQuote by 68.6% in the second quarter. Teacher Retirement System of Texas now owns 19,874 shares of the company’s stock valued at $49,000 after acquiring an additional 8,085 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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 policies, including prescription drugs, dental, vision, and hearing plans; term life policies; and non-commercial auto and home property, and casualty policies.