Vericity, Inc. (NASDAQ:VERY – Get Free Report) major shareholder Holdco L.P. Apex sold 11,373,352 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $11.43, for a total transaction of $129,997,413.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Vericity Stock Performance
Shares of Vericity stock opened at $11.43 on Friday. The stock has a market cap of $170.02 million, a price-to-earnings ratio of -12.42 and a beta of 0.13. Vericity, Inc. has a twelve month low of $4.70 and a twelve month high of $12.14. The company’s fifty day moving average is $11.35 and its 200 day moving average is $11.32. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37.
Vericity (NASDAQ:VERY – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.37) EPS for the quarter. Vericity had a negative net margin of 7.59% and a negative return on equity of 12.99%. The company had revenue of $45.49 million during the quarter.
Institutional Trading of 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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