Wells Fargo & Company MN Boosts Holdings in SelectQuote, Inc. (NYSE:SLQT)

Wells Fargo & Company MN boosted its holdings in shares of SelectQuote, Inc. (NYSE:SLQT) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,945 shares of the company’s stock after acquiring an additional 18,261 shares during the period. Wells Fargo & Company MN owned about 0.09% of SelectQuote worth $576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Diametric Capital LP acquired a new position in shares of SelectQuote during the 4th quarter worth approximately $722,000. JPMorgan Chase & Co. increased its position in SelectQuote by 66.8% during the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company’s stock worth $2,666,000 after buying an additional 287,128 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of SelectQuote by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock valued at $27,392,000 after acquiring an additional 120,280 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of SelectQuote by 41.5% during the fourth quarter. American Century Companies Inc. now owns 312,000 shares of the company’s stock valued at $1,161,000 after acquiring an additional 91,497 shares during the last quarter. Finally, Kazazian Asset Management LLC purchased a new stake in SelectQuote during the 4th quarter worth about $453,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at SelectQuote

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the business’s 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 sale, the insider now owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. The trade was a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.40% of the stock is owned by insiders.

SelectQuote Price Performance

SLQT stock opened at $2.67 on Friday. The stock has a market capitalization of $459.62 million, a price-to-earnings ratio of -29.67 and a beta of 1.25. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote, Inc. has a 52-week low of $1.62 and a 52-week high of $6.86. The stock’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $3.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that SelectQuote, Inc. will post -0.07 EPS for the current year.

SelectQuote 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.