SelectQuote, Inc. $SLQT Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in SelectQuote, Inc. (NYSE:SLQT) by 817.6% during the first quarter, Holdings Channel reports. The firm owned 1,021,239 shares of the company’s stock after purchasing an additional 909,939 shares during the period. Renaissance Technologies LLC’s holdings in SelectQuote were worth $643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its stake in SelectQuote by 37.8% during the first quarter. AQR Capital Management LLC now owns 53,081 shares of the company’s stock valued at $177,000 after purchasing an additional 14,551 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in SelectQuote by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock worth $273,000 after buying an additional 4,947 shares during the last quarter. Caxton Associates LLP acquired a new position in SelectQuote in the first quarter worth approximately $172,000. Acadian Asset Management LLC bought a new position in shares of SelectQuote in the first quarter valued at $514,000. Finally, Creative Planning increased its holdings in shares of SelectQuote by 8.5% in the second quarter. Creative Planning now owns 121,597 shares of the company’s stock valued at $289,000 after buying an additional 9,504 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SLQT shares. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research cut SelectQuote from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised SelectQuote from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SelectQuote presently has an average rating of “Hold” and an average target price of $3.00.

SelectQuote Trading Up 0.4%

NYSE SLQT opened at $0.73 on Monday. SelectQuote, Inc. has a twelve month low of $0.56 and a twelve month high of $2.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 5.63 and a current ratio of 5.63. The stock has a market cap of $129.09 million, a price-to-earnings ratio of 8.13 and a beta of 1.66. The firm’s 50 day moving average price is $0.79 and its two-hundred day moving average price is $0.86.

SelectQuote Profile

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.