Dimensional Fund Advisors LP Has $3.93 Million Position in SelectQuote, Inc. (NYSE:SLQT)

Dimensional Fund Advisors LP raised its position in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,055,860 shares of the company's stock after buying an additional 275,593 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.62% of SelectQuote worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in SelectQuote by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company's stock worth $27,392,000 after purchasing an additional 120,280 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of SelectQuote by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock worth $4,433,000 after acquiring an additional 10,038 shares during the last quarter. Marshall Wace LLP boosted its holdings in SelectQuote by 48.1% in the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company's stock valued at $3,914,000 after acquiring an additional 341,981 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SelectQuote by 23.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company's stock worth $2,875,000 after purchasing an additional 149,283 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of SelectQuote by 66.8% in the 4th quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company's stock valued at $2,666,000 after acquiring an additional 287,128 shares during the period. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insider Activity

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company's stock, valued at $6,343.04. This represents a 97.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.40% 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.

SelectQuote Stock Performance

Shares of NYSE SLQT traded down $0.03 during trading on Friday, reaching $2.30. The stock had a trading volume of 1,056,538 shares, compared to its average volume of 1,416,777. The stock has a market cap of $395.07 million, a PE ratio of -25.50 and a beta of 1.26. SelectQuote, Inc. has a one year low of $1.62 and a one year high of $6.86. The firm's 50 day moving average price is $3.17 and its two-hundred day moving average price is $3.51. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. The firm had revenue of $408.16 million during the quarter, compared to the consensus estimate of $412.83 million. On average, research analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

SelectQuote Company 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.