SelectQuote, Inc. $SLQT Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in SelectQuote, Inc. (NYSE:SLQT) by 817.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,239 shares of the company’s stock after acquiring an additional 909,939 shares during the quarter. Renaissance Technologies LLC owned 0.58% of SelectQuote worth $643,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of SelectQuote by 37.8% in the first quarter. AQR Capital Management LLC now owns 53,081 shares of the company’s stock worth $177,000 after purchasing an additional 14,551 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SelectQuote by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock valued at $273,000 after purchasing an additional 4,947 shares during the period. Caxton Associates LLP bought a new stake in shares of SelectQuote during the first quarter valued at about $172,000. Acadian Asset Management LLC bought a new stake in shares of SelectQuote during the first quarter valued at about $514,000. Finally, Creative Planning lifted its holdings in SelectQuote by 8.5% in the second quarter. Creative Planning now owns 121,597 shares of the company’s stock worth $289,000 after purchasing an additional 9,504 shares during the period. Institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

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

SelectQuote Stock Up 0.4%

Shares of SLQT stock opened at $0.73 on Monday. SelectQuote, Inc. has a 1 year low of $0.56 and a 1 year 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 business’s fifty day moving average is $0.79 and its 200-day moving average is $0.86. The stock has a market cap of $129.09 million, a PE ratio of 8.13 and a beta of 1.66.

About SelectQuote

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.