SelectQuote, Inc. (NYSE:SLQT) Shares Sold by Financial Partners Group Inc

Financial Partners Group Inc decreased its position in shares of SelectQuote, Inc. (NYSE:SLQT) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,147 shares of the company’s stock after selling 7,561 shares during the quarter. Financial Partners Group Inc’s holdings in SelectQuote were worth $134,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in SelectQuote by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock valued at $6,688,000 after purchasing an additional 43,197 shares during the period. State Street Corp boosted its position in shares of SelectQuote by 0.7% during the third quarter. State Street Corp now owns 2,894,067 shares of the company’s stock worth $6,280,000 after buying an additional 21,413 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in SelectQuote by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,663 shares of the company’s stock worth $2,564,000 after buying an additional 53,159 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in SelectQuote by 17.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company’s stock valued at $1,353,000 after acquiring an additional 91,071 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in SelectQuote by 36.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock worth $932,000 after acquiring an additional 115,865 shares during the period. Institutional investors own 34.59% of the company’s stock.

SelectQuote Stock Performance

SLQT opened at $4.31 on Monday. SelectQuote, Inc. has a 1-year low of $1.08 and a 1-year high of $4.64. The company has a market capitalization of $738.35 million, a price-to-earnings ratio of -15.38 and a beta of 1.15. The business has a 50 day moving average price of $3.59 and a two-hundred day moving average price of $3.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66.

SelectQuote (NYSE:SLQT) last announced its 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 net margin of 3.45% and a negative return on equity of 15.00%. The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same period in the prior year, the business earned ($0.19) EPS. Research analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd.

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.