BlackRock Inc. lifted its stake in shares of SelectQuote, Inc. (NYSE:SLQT) by 142.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,457,283 shares of the company’s stock after buying an additional 4,964,413 shares during the quarter. BlackRock Inc. owned about 0.05% of SelectQuote worth $249,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. American International Group Inc. grew its holdings in SelectQuote by 320.4% during the first quarter. American International Group Inc. now owns 76,151 shares of the company’s stock worth $2,247,000 after acquiring an additional 58,035 shares during the period. Mariner LLC grew its holdings in SelectQuote by 16.1% during the first quarter. Mariner LLC now owns 2,207,789 shares of the company’s stock worth $65,152,000 after acquiring an additional 305,894 shares during the period. Swiss National Bank grew its holdings in SelectQuote by 77.0% during the first quarter. Swiss National Bank now owns 130,100 shares of the company’s stock worth $3,839,000 after acquiring an additional 56,600 shares during the period. Arizona State Retirement System acquired a new position in SelectQuote during the first quarter worth $489,000. Finally, Rhumbline Advisers grew its holdings in SelectQuote by 249.5% during the first quarter. Rhumbline Advisers now owns 177,914 shares of the company’s stock worth $5,250,000 after acquiring an additional 127,002 shares during the period. 67.76% of the stock is currently owned by hedge funds and other institutional investors.
SelectQuote stock opened at $21.00 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 12.68 and a quick ratio of 12.68. The firm has a market capitalization of $3.43 billion and a price-to-earnings ratio of 23.08. SelectQuote, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $33.00. The firm has a fifty day moving average price of $26.02.
SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Tuesday, May 11th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $266.90 million for the quarter, compared to analyst estimates of $261.30 million. SelectQuote had a net margin of 16.59% and a return on equity of 24.68%. The firm’s quarterly revenue was up 79.6% compared to the same quarter last year. On average, equities research analysts anticipate that SelectQuote, Inc. will post 0.82 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on SelectQuote in a report on Thursday, March 25th. They set a “buy” rating and a $36.00 price objective on the stock. Zacks Investment Research lowered SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.75.
In related news, insider Ryan Souan sold 5,000 shares of the stock in a transaction on Monday, March 29th. The stock was sold at an average price of $28.13, for a total transaction of $140,650.00. Following the sale, the insider now owns 39,000 shares of the company’s stock, valued at $1,097,070. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 20,000 shares of company stock worth $591,300. Corporate insiders own 10.28% of the company’s stock.
SelectQuote Profile
Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property. The company pioneered the direct-to-consumer model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs.
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