Connor Clark & Lunn Investment Management Ltd. Purchases 70,058 Shares of SelectQuote, Inc. $SLQT

Connor Clark & Lunn Investment Management Ltd. raised its position in SelectQuote, Inc. (NYSE:SLQT) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,321,886 shares of the company’s stock after purchasing an additional 70,058 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.77% of SelectQuote worth $3,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in SelectQuote during the 1st quarter worth approximately $64,000. Bank of New York Mellon Corp lifted its holdings in shares of SelectQuote by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 390,490 shares of the company’s stock worth $1,304,000 after purchasing an additional 23,743 shares during the period. Xponance Inc. bought a new stake in shares of SelectQuote in the first quarter worth $34,000. Arizona State Retirement System acquired a new stake in SelectQuote in the first quarter valued at $131,000. Finally, KLP Kapitalforvaltning AS bought a new position in SelectQuote during the 1st quarter worth $89,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SLQT has been the topic of a number of analyst reports. Zacks Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reduced their target price on SelectQuote from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. Wall Street Zen lowered shares of SelectQuote from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SelectQuote in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.38.

SelectQuote Stock Performance

Shares of SLQT stock opened at $1.48 on Friday. The firm has a 50 day moving average of $1.96 and a 200-day moving average of $2.15. The company has a market cap of $259.56 million, a price-to-earnings ratio of 29.50 and a beta of 1.26. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.06. SelectQuote, Inc. has a 52 week low of $1.47 and a 52 week high of $6.86.

SelectQuote (NYSE:SLQT) last issued its earnings results on Thursday, November 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.01. SelectQuote had a net margin of 3.95% and a return on equity of 10.41%. The business had revenue of $328.81 million for the quarter, compared to analyst estimates of $323.68 million. SelectQuote has set its FY 2026 guidance at EPS. On average, equities analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

SelectQuote Company 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.