State Street Corp Purchases 21,413 Shares of SelectQuote, Inc. (NYSE:SLQT)

State Street Corp grew its stake in SelectQuote, Inc. (NYSE:SLQT) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,894,067 shares of the company’s stock after purchasing an additional 21,413 shares during the period. State Street Corp owned approximately 1.69% of SelectQuote worth $6,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SLQT. Panagora Asset Management Inc. boosted its holdings in SelectQuote by 85.5% in the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after acquiring an additional 189,029 shares during the last quarter. KCM Investment Advisors LLC bought a new stake in SelectQuote in the 3rd quarter valued at approximately $608,000. Creative Planning boosted its position in SelectQuote by 6.6% during the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after acquiring an additional 6,150 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SelectQuote by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after purchasing an additional 58,481 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in SelectQuote by 158.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after buying an additional 170,726 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLQT has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum assumed coverage on SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective on the stock.

SelectQuote Stock Performance

Shares of SelectQuote stock opened at $3.68 on Friday. The business has a 50-day moving average price of $2.65 and a two-hundred day moving average price of $2.90. SelectQuote, Inc. has a 1-year low of $1.03 and a 1-year high of $4.46. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. The company has a market cap of $631.14 million, a P/E ratio of -13.14 and a beta of 1.22.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same period last year, the business earned ($0.19) EPS. As a group, analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current year.

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.