JPMorgan Chase & Co. Has $2.67 Million Stake in SelectQuote, Inc. (NYSE:SLQT)

JPMorgan Chase & Co. lifted its position in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 66.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 716,784 shares of the company's stock after purchasing an additional 287,128 shares during the period. JPMorgan Chase & Co. owned 0.42% of SelectQuote worth $2,666,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new stake in shares of SelectQuote during the 4th quarter worth about $47,000. Cibc World Markets Corp bought a new stake in shares of SelectQuote during the 4th quarter worth about $47,000. Raymond James Financial Inc. bought a new stake in shares of SelectQuote during the 4th quarter worth about $97,000. Virtu Financial LLC bought a new stake in shares of SelectQuote during the 3rd quarter worth about $150,000. Finally, SG Americas Securities LLC boosted its holdings in shares of SelectQuote by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company's stock worth $340,000 after buying an additional 8,660 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sarah Taylor Anderson sold 50,000 shares of SelectQuote stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the transaction, the insider now owns 1,166 shares in the company, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.40% of the company's stock.

SelectQuote Price Performance

NYSE:SLQT traded up $0.09 during trading hours on Monday, reaching $3.38. 863,519 shares of the company were exchanged, compared to its average volume of 1,363,510. The business has a 50 day moving average of $3.61 and a 200 day moving average of $3.46. SelectQuote, Inc. has a 1-year low of $1.48 and a 1-year high of $6.86. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36. The company has a market capitalization of $581.85 million, a P/E ratio of -37.56 and a beta of 1.25.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. Research analysts forecast that SelectQuote, Inc. will post -0.07 EPS for the current year.

Analyst Ratings Changes

Separately, Noble Financial raised shares of SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th.

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.