Jefferies Financial Group Inc. Purchases New Holdings in Ethos Technologies Inc. Class A Common Stock $LIFE

Jefferies Financial Group Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 779,999 shares of the company’s stock, valued at approximately $26,185,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB purchased a new position in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $32,000. Cisco Systems Inc. purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $81,000. Triumph Capital Management purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $160,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $317,000. Finally, Zevenbergen Capital Investments LLC acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter worth $720,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of LIFE opened at $37.64 on Thursday. The company’s 50 day moving average price is $38.07 and its 200 day moving average price is $27.44. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $49.98. The company has a market capitalization of $2.40 billion and a PE ratio of -13.54.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.39. Ethos Technologies Inc. Class A Common Stock had a negative net margin of 16.16% and a negative return on equity of 33.48%. The firm had revenue of $235.22 million for the quarter. On average, equities analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.22 earnings per share for the current fiscal year.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other news, CEO Peter Colis sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $39.07, for a total value of $1,562,800.00. Following the transaction, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $60,064,655.20. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brandt Walter Kucharski sold 77,436 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.93, for a total value of $2,704,839.48. Following the sale, the chief accounting officer owned 105,994 shares of the company’s stock, valued at approximately $3,702,370.42. This represents a 42.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 850,737 shares of company stock valued at $30,440,261. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LIFE. Citigroup lifted their price target on Ethos Technologies Inc. Class A Common Stock from $33.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. UBS Group set a $55.00 price target on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, November 3rd. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. lowered Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Thursday, October 1st. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.89.

About Ethos Technologies Inc. Class A Common Stock

Ethos Technologies, Inc. operates a digital platform that helps consumers apply for life insurance. Its technology streamlines the application process, including eligibility assessment and underwriting, and may allow eligible applicants to obtain coverage without a medical exam. Ethos offers term and whole life insurance through relationships with insurance carriers. The company acts as a technology and distribution platform rather than as the insurer that underwrites every policy; coverage terms and availability depend on the carrier and applicant.