Vericity, Inc. (NASDAQ:VERY – Get Free Report) major shareholder Holdco L.P. Apex sold 11,373,352 shares of Vericity stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $11.43, for a total value of $129,997,413.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Vericity Stock Performance
VERY opened at $11.43 on Wednesday. The firm has a fifty day moving average price of $11.34 and a 200 day moving average price of $11.32. Vericity, Inc. has a 1 year low of $4.70 and a 1 year high of $12.14. The stock has a market cap of $170.08 million, a P/E ratio of -12.42 and a beta of 0.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48.
Vericity (NASDAQ:VERY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.37) EPS for the quarter. The company had revenue of $45.49 million during the quarter. Vericity had a negative return on equity of 12.99% and a negative net margin of 7.59%.
Institutional Investors Weigh In On Vericity
Vericity Company Profile
Vericity, Inc, together with its subsidiaries, provides life insurance protection products for the middle American market. The company operates through Agency and Insurance segments. The Agency segment sells life insurance products for unaffiliated insurance companies through its call center distribution platform, as well as through its independent agents and other marketing organizations.
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