Vericity (NASDAQ:VERY) Stock Price Down 8.1%

Shares of Vericity, Inc. (NASDAQ:VERY) fell 8.1% on Monday . The company traded as low as $5.71 and last traded at $5.71. 1,460 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 2,961 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

Separately, TheStreet raised Vericity from a “d+” rating to a “c-” rating in a research note on Wednesday, August 23rd.

Vericity Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a 50 day moving average price of $6.36 and a two-hundred day moving average price of $6.79.

Institutional Trading of Vericity

Several hedge funds have recently added to or reduced their stakes in the business. SageView Advisory Group LLC acquired a new stake in Vericity during the 4th quarter worth $2,458,000. Stockman Wealth Management Inc. acquired a new stake in Vericity during the 2nd quarter worth $68,000. Finally, Tower Research Capital LLC TRC raised its stake in Vericity by 159.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,131 shares of the company’s stock worth $31,000 after buying an additional 3,156 shares during the period. Institutional investors and hedge funds own 1.47% of the company’s stock.

About Vericity

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.