SelectQuote (NYSE:SLQT) Director Donald Hawks III Acquires 26,598 Shares of Stock

SelectQuote, Inc. (NYSE:SLQT) Director Donald Hawks III acquired 26,598 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average cost of $0.44 per share, with a total value of $11,703.12. Following the transaction, the director directly owned 539,812 shares in the company, valued at $237,517.28. The trade was a 5.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

SelectQuote Price Performance

Shares of NYSE:SLQT opened at $0.46 on Wednesday. The business has a 50 day moving average price of $0.42 and a 200 day moving average price of $0.75. SelectQuote, Inc. has a twelve month low of $0.30 and a twelve month high of $1.76. The company has a market cap of $82.36 million, a price-to-earnings ratio of 44.73 and a beta of 2.01. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 1.16.

SelectQuote (NYSE:SLQT) last released its earnings results on Wednesday, November 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.12. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. The firm had revenue of $280.01 million for the quarter, compared to analyst estimates of $277.91 million. Research analysts predict that SelectQuote, Inc. will post -0.25 earnings per share for the current year.

Institutional Trading of SelectQuote

A number of institutional investors and hedge funds have recently modified their holdings of SLQT. EP Wealth Advisors LLC acquired a new position in shares of SelectQuote in the second quarter valued at $51,000. Persistent Asset Partners Ltd acquired a new stake in SelectQuote during the second quarter worth $57,000. Corient Private Wealth LP acquired a new stake in SelectQuote during the second quarter worth $71,000. State of Wyoming increased its holdings in SelectQuote by 103.4% in 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 period. Finally, SMH Capital Advisors Inc. bought a new stake in SelectQuote in the 3rd quarter valued at $47,000. 34.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Wall Street Zen lowered shares of SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

SelectQuote News Summary

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

About SelectQuote

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.