Vericity Stock Today

VERY Stock  USD 11.38  0.04  0.35%   

Performance

2 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 46

 
100  
 
Zero
About Average
Vericity is trading at 11.38 as of the 28th of March 2024; that is -0.35 percent down since the beginning of the trading day. The stock's open price was 11.42. Vericity has 46 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Vericity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Insurance
IPO Date
15th of August 2019
Category
Financial Services
Classification
Financials
Vericity, Inc., together with its subsidiaries, provides life insurance protection products for the middle American market. The Insurance segment provides term life, accidental death, and final expense products. Vericity operates under InsuranceLife classification in the United States and is traded on NASDAQ Exchange. The company has 14.88 M outstanding shares of which 6.78 K shares are at this time shorted by private and institutional investors with about 2.13 trading days to cover. More on Vericity

Moving together with Vericity Stock

  0.62MET-PA MetLife Preferred StockPairCorr

Moving against Vericity Stock

  0.58FLFG Federal Life GroupPairCorr
  0.56CIA CitizensPairCorr
  0.48FG FG Annuities Life Financial Report 1st of May 2024 PairCorr
  0.46BHF Brighthouse Financial Financial Report 13th of May 2024 PairCorr
  0.41CNO CNO Financial Group Financial Report 6th of May 2024 PairCorr

Vericity Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Vericity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Vericity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentJames Hohmann
Thematic IdeaInsurance (View all Themes)
Old NameVery Good Food Company Inc
Business ConcentrationLife & Health Insurance, Insurance - Life, Financial Services, NASDAQ Composite, Insurance, Financials, Insurance, Insurance—Life, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Vericity report their recommendations after researching Vericity's financial statements, talking to executives and customers, or listening in on Vericity's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Vericity. The Vericity consensus assessment is calculated by taking the average forecast from all of the analysts covering Vericity.
Financial Strength
Based on the key measurements obtained from Vericity's financial statements, Vericity is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of Vericity is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.160.19
Fairly Down
Slightly volatile
Gross Profit Margin0.480.46
Sufficiently Up
Slightly volatile
Total Current LiabilitiesK6.3 K
Notably Down
Slightly volatile
Total Assets789.5 M885.6 M
Fairly Down
Slightly volatile
Total Current Assets310.9 K327.2 K
Notably Down
Very volatile
Vericity's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Vericity's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Vericity's financial leverage. It provides some insight into what part of Vericity's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Vericity's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Vericity deploys its capital and how much of that capital is borrowed.
Liquidity
Vericity cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 37.19 M in liabilities with Debt to Equity (D/E) ratio of 0.26, which may suggest the company is not taking enough advantage from borrowing. Vericity has a current ratio of 8.65, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Vericity until it has trouble settling it off, either with new capital or with free cash flow. So, Vericity's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Vericity sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Vericity to invest in growth at high rates of return. When we think about Vericity's use of debt, we should always consider it together with cash and equity.

Total Cash From Financing Activities

419,900
Vericity (VERY) is traded on NASDAQ Exchange in USA. It is located in 1350 E Touhy Avenue, Des Plaines, IL, United States, 60018 and employs 417 people. Vericity is listed under Life & Health Insurance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 169.28 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Vericity's market, we take the total number of its shares issued and multiply it by Vericity's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Vericity conducts business under Insurance sector and is part of Financials industry. The entity has 14.88 M outstanding shares of which 6.78 K shares are at this time shorted by private and institutional investors with about 2.13 trading days to cover. Vericity currently holds about 21.7 M in cash with 1.6 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.46.
Check Vericity Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Vericity is $169.28 Million. The majority of Vericity outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Vericity to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Vericity. Please pay attention to any change in the institutional holdings of Vericity as this could imply that something significant has changed or is about to change at the company. Note, that even with negative profits, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Vericity Ownership Details

Vericity Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Vericity jumping above the current price in 90 days from now is about 23.35%. The Vericity probability density function shows the probability of Vericity stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Vericity has a beta of -0.0978. This entails as returns on benchmark increase, returns on holding Vericity are expected to decrease at a much lower rate. During the bear market, however, Vericity is likely to outperform the market. Additionally, vericity has an alpha of 0.0399, implying that it can generate a 0.0399 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.38HorizonTargetOdds Above 11.38
75.83%90 days
 11.38 
23.35%
Based on a normal probability distribution, the odds of Vericity to move above the current price in 90 days from now is about 23.35 (This Vericity probability density function shows the probability of Vericity Stock to fall within a particular range of prices over 90 days) .

Vericity Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Vericity that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Vericity's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Vericity's value.
InstituionRecorded OnShares
Royal Bank Of Canada2023-12-31
128
Wells Fargo & Co2023-12-31
16.0
True Private Wealth Advisors2023-12-31
0.0
Stockman Asset Management2023-09-30
0.0
Rbf Llc2023-12-31
73.1 K
Penderfund Capital Management Ltd2023-12-31
70 K
Integrys Wealth Advisors Llc2023-12-31
50 K
Vanguard Group Inc2023-12-31
29.8 K
Geode Capital Management, Llc2023-12-31
19.5 K
Skandinaviska Enskilda Banken Ab2023-12-31
18.5 K
Northern Trust Corp2023-12-31
11.1 K
View Vericity Diagnostics

Vericity Historical Income Statement

Vericity Income Statement is one of the three primary financial statements used for reporting Vericity's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Vericity revenue and expense. Vericity Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Vericity's Interest Expense is fairly stable compared to the past year. Gross Profit is likely to rise to about 62.9 M in 2024, whereas Tax Provision is likely to drop (2.3 M) in 2024. View More Fundamentals

Vericity Stock Against Markets

Picking the right benchmark for Vericity stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Vericity stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Vericity is critical whether you are bullish or bearish towards Vericity at a given time. Please also check how Vericity's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vericity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Vericity Corporate Management

Elected by the shareholders, the Vericity's board of directors comprises two types of representatives: Vericity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vericity. The board's role is to monitor Vericity's management team and ensure that shareholders' interests are well served. Vericity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vericity's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Vericity Stock?

Before investing in Vericity, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Vericity. To buy Vericity stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Vericity. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Vericity stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Vericity stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Vericity stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Vericity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Vericity Stock please use our How to Invest in Vericity guide.

Already Invested in Vericity?

The danger of trading Vericity is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Vericity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Vericity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vericity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Vericity offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vericity's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vericity Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vericity Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vericity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Vericity Stock please use our How to Invest in Vericity guide.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Vericity's price analysis, check to measure Vericity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vericity is operating at the current time. Most of Vericity's value examination focuses on studying past and present price action to predict the probability of Vericity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vericity's price. Additionally, you may evaluate how the addition of Vericity to your portfolios can decrease your overall portfolio volatility.
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Is Vericity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Vericity. If investors know Vericity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Vericity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.03)
Revenue Per Share
11.764
Quarterly Revenue Growth
0.1
Return On Assets
(0.01)
Return On Equity
(0.14)
The market value of Vericity is measured differently than its book value, which is the value of Vericity that is recorded on the company's balance sheet. Investors also form their own opinion of Vericity's value that differs from its market value or its book value, called intrinsic value, which is Vericity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vericity's market value can be influenced by many factors that don't directly affect Vericity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vericity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vericity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vericity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.