TriaGen Wealth Management LLC Purchases 1,020,000 Shares of SelectQuote, Inc. $SLQT

Key Points

• TriaGen Wealth Management LLC significantly increased its stake in SelectQuote, acquiring 1,020,000 additional shares, which raised its total ownership to approximately 1,055,500 shares valued at $2.5 million.
• Several institutional investors have also enhanced their positions in SelectQuote, leading to institutional ownership of about 34.59% of the company's shares.
• Wall Street analysts have varied opinions on SelectQuote, with ratings ranging from Strong Buy to Strong Sell, and an average price target of $4.38.

TriaGen Wealth Management LLC raised its position in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 2,873.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,055,500 shares of the company's stock after buying an additional 1,020,000 shares during the period. TriaGen Wealth Management LLC owned about 0.61% of SelectQuote worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SLQT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of SelectQuote by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company's stock valued at $273,000 after buying an additional 4,947 shares during the last quarter. Headlands Technologies LLC increased its position in shares of SelectQuote by 86.7% during 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. Financial Partners Group Inc raised its holdings in shares of SelectQuote by 17.2% during the second quarter. Financial Partners Group Inc now owns 40,105 shares of the company's stock worth $95,000 after acquiring an additional 5,882 shares during the period. SG Americas Securities LLC raised its holdings in shares of SelectQuote by 6.8% during the first quarter. SG Americas Securities LLC now owns 97,728 shares of the company's stock worth $326,000 after acquiring an additional 6,220 shares during the period. Finally, Kazazian Asset Management LLC lifted its position in SelectQuote by 5.7% in the 1st quarter. Kazazian Asset Management LLC now owns 128,700 shares of the company's stock valued at $430,000 after acquiring an additional 6,900 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SLQT. Wall Street Zen cut SelectQuote from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of SelectQuote in a research report on Saturday, September 27th. Royal Bank Of Canada dropped their target price on SelectQuote from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Finally, Zacks Research cut SelectQuote from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, SelectQuote currently has an average rating of "Hold" and an average price target of $4.38.

SelectQuote Price Performance

NYSE:SLQT opened at $2.08 on Tuesday. SelectQuote, Inc. has a 12-month low of $1.62 and a 12-month high of $6.86. The firm has a market capitalization of $365.83 million, a price-to-earnings ratio of 41.60 and a beta of 1.30. The stock's 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.43. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.90.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its earnings results on Thursday, August 21st. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.01. SelectQuote had a return on equity of 6.35% and a net margin of 3.12%.The company had revenue of $345.10 million during the quarter, compared to the consensus estimate of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. On average, analysts anticipate that SelectQuote, Inc. will post -0.07 earnings per share for the current 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.

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