Mutual of America Capital Management LLC Purchases Shares of 6,272 SelectQuote, Inc. (NYSE:SLQT)

Mutual of America Capital Management LLC purchased a new stake in shares of SelectQuote, Inc. (NYSE:SLQT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,272 shares of the company’s stock, valued at approximately $121,000.

A number of other institutional investors have also made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in SelectQuote during the 1st quarter valued at $41,000. Acadian Asset Management LLC acquired a new stake in SelectQuote during the 1st quarter valued at $50,000. Atom Investors LP lifted its holdings in SelectQuote by 2.7% during the 1st quarter. Atom Investors LP now owns 70,404 shares of the company’s stock valued at $2,078,000 after purchasing an additional 1,834 shares during the last quarter. Creative Planning lifted its holdings in shares of SelectQuote by 4.4% during the second quarter. Creative Planning now owns 46,580 shares of the company’s stock worth $897,000 after buying an additional 1,975 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of SelectQuote by 52.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,894 shares of the company’s stock valued at $174,000 after acquiring an additional 2,025 shares during the period. 66.67% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Timothy Robert Danker acquired 117,000 shares of the stock in a transaction dated Monday, August 30th. The stock was bought at an average price of $8.75 per share, with a total value of $1,023,750.00. Following the completion of the purchase, the chief executive officer now directly owns 1,516,137 shares of the company’s stock, valued at approximately $13,266,198.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William Thomas Grant III bought 230,000 shares of SelectQuote stock in a transaction on Monday, August 30th. The shares were acquired at an average cost of $8.85 per share, for a total transaction of $2,035,500.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 453,500 shares of company stock valued at $4,053,715. 10.28% of the stock is owned by insiders.

A number of analysts have issued reports on SLQT shares. Citigroup cut their price objective on shares of SelectQuote from $34.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank of Canada downgraded SelectQuote from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $33.00 to $13.00 in a research report on Thursday, August 26th. Piper Sandler lowered their price objective on SelectQuote from $39.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, August 26th. Keefe, Bruyette & Woods downgraded SelectQuote from an “outperform” rating to a “market perform” rating and cut their target price for the company from $30.00 to $13.50 in a research report on Thursday, August 26th. Finally, Zacks Investment Research cut SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, SelectQuote has a consensus rating of “Buy” and an average target price of $25.75.

NYSE:SLQT opened at $14.76 on Friday. SelectQuote, Inc. has a twelve month low of $7.72 and a twelve month high of $33.00. The company has a quick ratio of 13.02, a current ratio of 13.02 and a debt-to-equity ratio of 0.68. The stock’s 50-day simple moving average is $14.91 and its 200 day simple moving average is $21.59. The firm has a market capitalization of $2.42 billion, a PE ratio of 18.45 and a beta of 1.07.

SelectQuote (NYSE:SLQT) last posted its earnings results on Tuesday, August 24th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $188.45 million during the quarter, compared to the consensus estimate of $186.58 million. SelectQuote had a return on equity of 20.76% and a net margin of 13.97%. SelectQuote’s quarterly revenue was up 33.2% compared to the same quarter last year. On average, analysts anticipate that SelectQuote, Inc. will post 0.88 EPS for the current fiscal year.

SelectQuote Company Profile

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property. The company pioneered the direct-to-consumer model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs.

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Institutional Ownership by Quarter for SelectQuote (NYSE:SLQT)

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