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SelectQuote (SLQT) Stock News, Oct 2020-Jan 2021

SLQT NYSE

SelectQuote, Inc. operates a direct-to-consumer insurance distribution and healthcare services platform that connects consumers with Medicare, life, and auto and home insurance policies from carrier partners. Its model combines licensed agents, consultative needs analysis, proprietary lead sourcing and routing technology, and commission revenue from policy sales.

Recurring company developments include fiscal earnings, segment results for Senior, Healthcare Services, Life, and Auto & Home, Medicare Advantage policy volume, SelectRx membership and pharmacy economics, prescription drug reimbursement changes, and cash flow and capital-structure updates. SelectQuote also reports initiatives such as the SelectQuote Local franchise channel, research on e-broker access to Medicare Advantage, conference participation, and NYSE listing-standard compliance.

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SelectQuote, Inc. (NYSE: SLQT) has appointed Scott Dikeman as Vice President of Strategic Accounts, bringing extensive experience from Cerner. Dikeman will focus on expanding B2B opportunities in health care. His previous roles included leading Cerner's Venture Capital portfolio and business development for strategic partnerships. President Bob Grant emphasized that Dikeman's entrepreneurial spirit will be instrumental for growth in SelectQuote’s health care division. The company, established in 1985, specializes in offering unbiased comparisons for insurance consumers through highly-trained agents and advanced technology.

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SelectQuote, Inc. (NYSE: SLQT) will announce its second quarter 2021 financial results after market close on February 8, 2021. CEO Tim Danker and CFO Raff Sadun will host a conference call at 5:00 pm ET to discuss the results. The company, founded in 1985, specializes in unbiased insurance comparisons and operates three primary business lines: SelectQuote Senior, SelectQuote Life, and SelectQuote Auto and Home. SelectQuote Senior is the largest segment, catering to a growing demographic of seniors with Medicare plans.

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SelectQuote (NYSE: SLQT) has launched the beta version of its Medicare Plan Advisor, an online tool designed to assist consumers in selecting Medicare Advantage plans. This platform provides tailored information based on user location, medications, and doctors, enhancing the shopping experience for seniors who prefer digital options. SelectQuote emphasizes that the tool complements its licensed agents and is expected to increase customer satisfaction and retention. With 10,000 people turning 65 daily, this launch aligns with the upcoming Medicare Annual Election Period.

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SelectQuote (NYSE: SLQT) announced participation in two upcoming virtual investor conferences. CEO Tim Danker and CFO Raff Sadun will engage in a fireside chat at the Credit Suisse Technology Conference on December 2, 2020, at 4:10 PM ET. They will also speak at the Piper Sandler Healthcare Conference on December 3, 2020, at 9:00 AM ET. These events aim to offer insights into SelectQuote's operations and market strategy. More details and live webcast registration are available on their Investor Relations website.

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SelectQuote, Inc. has expanded its Medicare Advantage offerings by adding SCAN and Devoted Health to its carrier platform. This enhancement aims to support the upcoming Annual Enrollment Period from October 15 to December 7. SCAN, rated 4.5 stars for Medicare Advantage in California, and Devoted, which operates in Arizona, Florida, Ohio, and Texas, focus on quality and customer satisfaction. With over 1,000 trained agents, SelectQuote Senior is now positioned as a leading distributor in the Medicare market, catering to an aging population.

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SelectQuote, Inc. (NYSE: SLQT) will announce its Q1 2021 financial results on November 5, 2020, after the market closes. CEO Tim Danker and CFO Raff Sadun will lead a conference call at 5:00 PM ET to discuss the results. Interested parties can join by phone or access the live webcast on the investor relations website. Since its founding in 1985, SelectQuote has focused on unbiased price comparisons among insurance carriers and operates three main business lines, with SelectQuote Senior being the largest and fastest-growing segment.

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SelectQuote has onboarded over 2,000 associates ahead of the Medicare Annual Enrollment Period (AEP), which runs from October 15 to December 7. This new team will enhance efforts to serve more than 60 million Medicare beneficiaries. The Senior Division generates approximately 70% of its new policy sales during AEP. SelectQuote emphasizes customer service through highly-trained agents. The company expects to retain most of these associates as full-time employees, leveraging a unique 'Flex Agent' model that improves productivity and agent retention rates to 93%.

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FAQ

What is the current stock price of SelectQuote (SLQT)?

SelectQuote (SLQT) last closed at $0.4801.

What is the market cap of SelectQuote (SLQT)?

The market cap of SelectQuote (SLQT) is approximately $86.2M.