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

State Street Corp lifted its position in SelectQuote, Inc. (NYSE:SLQT) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,894,067 shares of the company’s stock after acquiring an additional 21,413 shares during the quarter. State Street Corp’s holdings in SelectQuote were worth $6,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of SelectQuote by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock worth $1,305,000 after buying an additional 58,481 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in SelectQuote by 85.5% during the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock worth $1,132,000 after acquiring an additional 189,029 shares during the period. American Century Companies Inc. boosted its position in SelectQuote by 58.1% in the second quarter. American Century Companies Inc. now owns 120,751 shares of the company’s stock worth $333,000 after purchasing an additional 44,392 shares during the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 170,726 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of SelectQuote by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 726,997 shares of the company’s stock valued at $2,007,000 after purchasing an additional 44,397 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SLQT shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum started coverage on shares of SelectQuote in a research report on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective on the stock.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $3.68 on Friday. 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 stock has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $2.90. SelectQuote, Inc. has a 1-year low of $1.03 and a 1-year high of $4.46. The firm has a market cap of $631.14 million, a price-to-earnings ratio of -13.14 and a beta of 1.22.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same quarter in the previous year, the company posted ($0.19) EPS. Analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share 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.