Charles Schwab Investment Management Inc. Acquires 10,038 Shares of SelectQuote, Inc. (NYSE:SLQT)

Charles Schwab Investment Management Inc. raised its stake in SelectQuote, Inc. (NYSE:SLQT) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,191,701 shares of the company’s stock after buying an additional 10,038 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.69% of SelectQuote worth $4,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SLQT. Oppenheimer & Co. Inc. acquired a new stake in shares of SelectQuote during the fourth quarter worth $47,000. Intech Investment Management LLC bought a new position in shares of SelectQuote during the third quarter worth about $123,000. Virtu Financial LLC acquired a new stake in SelectQuote in the 3rd quarter valued at approximately $150,000. Quantbot Technologies LP bought a new stake in SelectQuote in the 3rd quarter valued at approximately $153,000. Finally, IHT Wealth Management LLC boosted its position in SelectQuote by 35.2% during the 3rd quarter. IHT Wealth Management LLC now owns 94,605 shares of the company’s stock worth $205,000 after acquiring an additional 24,605 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Insiders Place Their Bets

In related news, insider Sarah Taylor Anderson sold 50,000 shares of SelectQuote stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the transaction, the insider now owns 1,166 shares in the company, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $3.78 on Wednesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36. The business has a 50-day moving average of $4.38 and a 200-day moving average of $3.28. The stock has a market capitalization of $650.70 million, a price-to-earnings ratio of -42.00 and a beta of 1.13. SelectQuote, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $6.86.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, sell-side analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

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 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.