SelectQuote, Inc. (NYSE:SLQT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 92.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,675 shares of the company's stock after selling 294,214 shares during the quarter. Jane Street Group LLC's holdings in SelectQuote were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Paloma Partners Management Co acquired a new position in SelectQuote during the fourth quarter worth approximately $142,000. Northern Trust Corp increased its holdings in shares of SelectQuote by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,134,198 shares of the company's stock worth $4,219,000 after buying an additional 11,957 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of SelectQuote by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,819 shares of the company's stock worth $193,000 after buying an additional 7,322 shares during the period. OneDigital Investment Advisors LLC purchased a new position in shares of SelectQuote in the 4th quarter worth $46,000. Finally, MetLife Investment Management LLC boosted its holdings in SelectQuote by 84.8% in the fourth quarter. MetLife Investment Management LLC now owns 80,248 shares of the company's stock valued at $299,000 after acquiring an additional 36,815 shares during 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 $2.20 on Monday. The firm's fifty day simple moving average is $2.75 and its 200 day simple moving average is $3.49. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote, Inc. has a twelve month low of $1.62 and a twelve month high of $6.86. The firm has a market capitalization of $379.99 million, a price-to-earnings ratio of -24.44 and a beta of 1.11.

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

Analysts Set New Price Targets

A number of research firms have recently commented on SLQT. Noble Financial upgraded SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th. Jefferies Financial Group began coverage on shares of SelectQuote in a research report on Wednesday, May 21st. They set a "hold" rating and a $2.75 target price for the company.

About SelectQuote

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.