Swiss National Bank Invests $888,000 in SelectQuote, Inc. $SLQT

Key Points

• Swiss National Bank has acquired 265,800 shares of SelectQuote, Inc. (NYSE: SLQT), valued at approximately $888,000, representing 0.15% ownership in the company.
• SelectQuote recently reported a loss of $0.17 earnings per share for the quarter, beating analyst estimates, and had a revenue of $345.10 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" on SelectQuote, with a target price of $4.42, despite some recent price target reductions.

Swiss National Bank acquired a new stake in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 265,800 shares of the company's stock, valued at approximately $888,000. Swiss National Bank owned approximately 0.15% of SelectQuote as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. purchased a new position in SelectQuote during the first quarter valued at $34,000. Johnson Investment Counsel Inc. purchased a new position in SelectQuote during the first quarter valued at $35,000. Kapitalo Investimentos Ltda purchased a new position in SelectQuote during the first quarter valued at $35,000. Headlands Technologies LLC lifted its holdings in SelectQuote by 86.7% during the first quarter. Headlands Technologies LLC now owns 12,398 shares of the company's stock valued at $41,000 after purchasing an additional 5,756 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in SelectQuote during the first quarter valued at $41,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SLQT has been the subject of a number of recent research reports. Wall Street Zen cut shares of SelectQuote from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research cut shares of SelectQuote from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Royal Bank Of Canada reduced their target price on shares of SelectQuote from $7.00 to $6.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group initiated coverage on shares of SelectQuote in a research report on Wednesday, May 21st. They issued a "hold" rating and a $2.75 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.42.

SelectQuote Stock Performance

Shares of SLQT traded down $0.01 during trading on Friday, reaching $2.26. 1,073,078 shares of the company traded hands, compared to its average volume of 2,814,140. SelectQuote, Inc. has a twelve month low of $1.62 and a twelve month high of $6.86. The stock has a 50-day simple moving average of $2.17 and a 200-day simple moving average of $2.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.68 and a quick ratio of 5.68.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.01. SelectQuote had a net margin of 3.12% and a return on equity of 6.35%. The business had revenue of $345.10 million during the quarter, compared to analyst estimates of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. Equities analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

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.