The Manufacturers Life Insurance Company Purchases 4,278 Shares of Clear Secure, Inc. (NYSE:YOU)

The Manufacturers Life Insurance Company raised its position in shares of Clear Secure, Inc. (NYSE:YOU) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,772 shares of the company’s stock after acquiring an additional 4,278 shares during the period. The Manufacturers Life Insurance Company’s holdings in Clear Secure were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Clear Secure by 232.1% in the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock worth $2,452,000 after buying an additional 80,569 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Clear Secure by 425.7% during the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after buying an additional 193,889 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Clear Secure during the fourth quarter valued at approximately $896,000. Cornerstone Wealth Management LLC bought a new position in shares of Clear Secure during the second quarter valued at approximately $840,000. Finally, Vanguard Group Inc. raised its holdings in shares of Clear Secure by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock worth $195,363,000 after buying an additional 211,214 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Insider Transactions at Clear Secure

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total value of $8,075,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total value of $8,075,000.00. The disclosure for this sale can be found here. Insiders sold 1,023,935 shares of company stock valued at $31,714,532 in the last quarter. 37.85% of the stock is currently owned by corporate insiders.

Clear Secure Price Performance

Shares of YOU stock opened at $34.18 on Monday. The stock’s 50-day moving average is $29.74 and its 200 day moving average is $22.57. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $34.21. The company has a market cap of $4.76 billion, a P/E ratio of 43.82 and a beta of 1.65.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. On average, analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. Clear Secure’s dividend payout ratio is presently 51.28%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Clear Secure currently has an average rating of “Hold” and an average price target of $29.20.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.