American Century Companies Inc. Increases Stock Holdings in SelectQuote, Inc. $SLQT

Key Points

• American Century Companies Inc. increased its holdings in SelectQuote, Inc. by 224.2% during the first quarter, acquiring an additional 699,457 shares, bringing its total to over 1 million shares worth $3.38 million.
• SelectQuote's latest earnings reported a loss of ($0.17) EPS, surpassing expectations of ($0.18) EPS, with revenues of $345.10 million, above forecasts of $334.09 million.
• Analysts have mixed opinions on SelectQuote, with one downgrading the stock to a "strong sell" and others adjusting their price targets, leading to a consensus rating of "Hold" and a price target of $4.42.

American Century Companies Inc. increased its position in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 224.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,011,457 shares of the company's stock after purchasing an additional 699,457 shares during the quarter. American Century Companies Inc. owned 0.59% of SelectQuote worth $3,378,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of SelectQuote by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company's stock valued at $286,000 after purchasing an additional 3,352 shares during the period. Invesco Ltd. increased its stake in SelectQuote by 1.7% during the 4th quarter. Invesco Ltd. now owns 225,293 shares of the company's stock worth $838,000 after buying an additional 3,776 shares during the period. Headlands Technologies LLC lifted its stake in shares of SelectQuote by 86.7% in the first quarter. Headlands Technologies LLC now owns 12,398 shares of the company's stock worth $41,000 after acquiring an additional 5,756 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of SelectQuote by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 97,728 shares of the company's stock valued at $326,000 after buying an additional 6,220 shares during the last quarter. Finally, Kazazian Asset Management LLC grew its holdings in SelectQuote by 5.7% during the 1st quarter. Kazazian Asset Management LLC now owns 128,700 shares of the company's stock worth $430,000 after acquiring an additional 6,900 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLQT has been the topic of a number of analyst reports. Wall Street Zen cut shares of SelectQuote from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Jefferies Financial Group started coverage on shares of SelectQuote in a research note on Wednesday, May 21st. They set a "hold" rating and a $2.75 target price for the company. Zacks Research downgraded SelectQuote from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. Finally, Royal Bank Of Canada cut their price target on SelectQuote from $7.00 to $6.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.42.

SelectQuote Stock Down 4.6%

Shares of NYSE:SLQT traded down $0.11 during midday trading on Tuesday, hitting $2.16. The stock had a trading volume of 1,426,181 shares, compared to its average volume of 2,716,610. SelectQuote, Inc. has a 12 month low of $1.62 and a 12 month high of $6.86. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.90. The company has a market cap of $372.43 million, a P/E ratio of 43.10 and a beta of 1.27. The business's 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.80.

SelectQuote (NYSE:SLQT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast 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.