Los Angeles Capital Management LLC Sells 59,900 Shares of SelectQuote, Inc. (NYSE:SLQT)

Los Angeles Capital Management LLC decreased its holdings in shares of SelectQuote, Inc. (NYSE:SLQT) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,740 shares of the company’s stock after selling 59,900 shares during the period. Los Angeles Capital Management LLC owned approximately 0.18% of SelectQuote worth $1,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. KCM Investment Advisors LLC purchased a new stake in SelectQuote in the third quarter valued at approximately $608,000. Dynamic Technology Lab Private Ltd purchased a new stake in SelectQuote in the third quarter valued at approximately $311,000. Barclays PLC raised its stake in SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock valued at $430,000 after purchasing an additional 124,005 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SelectQuote by 36.9% in the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock valued at $932,000 after purchasing an additional 115,865 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in SelectQuote by 17.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company’s stock valued at $1,353,000 after purchasing an additional 91,071 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Stock Performance

NYSE:SLQT opened at $4.56 on Friday. The business has a 50 day moving average of $4.41 and a 200 day moving average of $3.28. The company has a market capitalization of $784.98 million, a price-to-earnings ratio of -50.67 and a beta of 1.15. SelectQuote, Inc. has a 1-year low of $1.48 and a 1-year high of $6.86. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, February 10th. The company reported $0.30 earnings per share 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%. On average, sell-side analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SLQT. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th.

Insider Activity at SelectQuote

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the 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 directly owns 1,166 shares in the company, valued at $6,343.04. This represents a 97.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.40% of the stock is currently owned by company insiders.

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.