Invesco Ltd. Grows Holdings in SelectQuote, Inc. (NYSE:SLQT)

Invesco Ltd. lifted its position in shares of SelectQuote, Inc. (NYSE:SLQT) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,293 shares of the company’s stock after acquiring an additional 3,776 shares during the quarter. Invesco Ltd. owned 0.13% of SelectQuote worth $838,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in SelectQuote in the 4th quarter worth about $47,000. Cibc World Markets Corp purchased a new stake in shares of SelectQuote in the fourth quarter valued at approximately $47,000. Raymond James Financial Inc. acquired a new position in shares of SelectQuote during the 4th quarter worth approximately $97,000. Virtu Financial LLC purchased a new position in shares of SelectQuote during the 3rd quarter valued at approximately $150,000. Finally, SG Americas Securities LLC grew its stake in SelectQuote by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock valued at $340,000 after acquiring an additional 8,660 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the sale, the insider now owns 1,166 shares in the company, valued at $6,343.04. This trade represents a 97.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

SelectQuote Trading Up 4.3 %

SLQT stock opened at $2.67 on Friday. SelectQuote, Inc. has a 12-month low of $1.62 and a 12-month high of $6.86. The business’s 50-day moving average is $3.47 and its 200 day moving average is $3.46. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The stock has a market cap of $459.62 million, a price-to-earnings ratio of -29.67 and a beta of 1.25.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. On average, sell-side analysts anticipate that SelectQuote, Inc. will post -0.07 EPS 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.