VERY - Vericity Inc Stock Price, Fair Value and News

11.28USD-0.01 (-0.09%)Delayed

Market Summary

USD11.28-0.01

Delayed

-0.09%

VERY Stock Price

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VERY RSI Chart

VERY Valuation

Market Cap

167.8M

Price/Earnings (Trailing)

-12.39

Price/Sales (Trailing)

0.94

EV/EBITDA

-29.14

Price/Free Cashflow

19.2

VERY Price/Sales (Trailing)

VERY Profitability

EBT Margin

-8.52%

Return on Equity

-13.12%

Return on Assets

-1.64%

Free Cashflow Yield

5.21%

VERY Fundamentals

VERY Revenue

Revenue (TTM)

178.4M

Rev. Growth (Yr)

1.95%

Rev. Growth (Qtr)

2.13%

VERY Earnings

Earnings (TTM)

-13.5M

Earnings Growth (Yr)

-193.78%

Earnings Growth (Qtr)

-174.11%

Breaking Down VERY Revenue

Last 7 days

0.1%

Last 30 days

-0.4%

Last 90 days

0.2%

Trailing 12 Months

61.1%

How does VERY drawdown profile look like?

VERY Financial Health

Debt/Equity

0.37

Debt/Cashflow

0.23

VERY Investor Care

Diluted EPS (TTM)

-0.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	178.4M	0	0	0
2023	169.0M	171.0M	175.0M	177.6M
2022	173.9M	172.6M	170.4M	163.9M
2021	153.8M	161.1M	166.5M	176.6M
2020	138.4M	139.0M	140.9M	147.8M
2019	126.8M	129.6M	132.5M	135.3M
2018	0	0	0	124.0M

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Tracking the Latest Insider Buys and Sells of Vericity Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Sep 01, 2020	dong calvin	acquired	3,501	7.73	453	-
Aug 07, 2019	hohmann james e	bought	6,255,320	10.00	625,532	ceo and president
Aug 07, 2019	hemmings richard a	bought	1,935,000	10.00	193,500	-
Aug 07, 2019	harkensee james c	bought	3,277,820	10.00	327,782	executive vice president
Aug 07, 2019	kim chris s	bought	2,152,220	10.00	215,222	see remarks
Aug 07, 2019	zimmerman laura r	bought	1,201,040	10.00	120,104	see remarks
Aug 07, 2019	schacht james w	bought	51,240	10.00	5,124	-
Aug 07, 2019	buchanan john e	bought	707,030	10.00	70,703	see remarks
Aug 07, 2019	campbell christopher	bought	1,025,210	10.00	102,521	executive vice president
Aug 07, 2019	members mutual holding co	sold	-	-	-1.00	-

Which funds bought or sold VERY recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	MORGAN STANLEY	new	-	8,184	8,184	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-48.61	-7,340	7,990	-%
May 15, 2024	PenderFund Capital Management Ltd.	reduced	-3.72	-775	1,035,990	0.27%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-94.12	-34,714	2,202	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	new	-	153,588	153,588	-%
May 15, 2024	RBF Capital, LLC	unchanged	-	11,692	829,356	0.05%
May 15, 2024	CSS LLC/IL	new	-	263,252	263,252	0.01%
May 15, 2024	Royal Bank of Canada	reduced	-66.41	-1,000	-	-%
May 14, 2024	MACQUARIE GROUP LTD	new	-	1.00	1.00	-%
May 14, 2024	NORTHERN TRUST CORP	sold off	-100	-124,533	-	-%

Are Funds Buying or Selling VERY?

Are funds buying VERY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VERY

No. of Funds

Recent SEC filings of Vericity Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	10-Q	Quarterly Report
Apr 01, 2024	10-K	Annual Report

Peers (Alternatives to Vericity Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

Vericity Inc News

Latest updates

Vericity Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.1%	45,493,000	44,545,000	43,661,000	44,737,000	44,622,000	41,975,000	39,694,000	42,731,000	39,512,000	48,438,000	41,937,000	43,968,000	42,237,000	38,327,000	36,535,000	36,657,000	36,313,000	31,437,000	34,617,000	36,054,000	33,193,000
Operating Expenses	13.7%	29,468,000	25,911,500	26,755,000	25,716,000	25,769,000	24,895,500	23,133,000	24,573,000	25,154,000	24,098,000	24,537,000	22,748,000	23,330,000	19,711,500	18,466,000	18,657,000	23,529,000	16,167,500	23,574,000	18,377,000	18,907,000
EBITDA Margin	-125.7%	-0.04	-0.02	-0.06	-0.04	-0.07	-0.10	-0.07	-0.07	-0.06	-0.07	-0.09	-0.08	-0.13	-0.16	-	-	-	-	-	-	-
Interest Expenses	-4.6%	719,000	754,000	684,000	599,000	492,000	717,000	201,000	405,000	325,000	347,000	365,000	378,000	406,000	414,000	381,000	335,000	303,000	195,000	357,000	238,000	208,000
Income Taxes	-402.6%	-686,000	-136,500	-1,612,000	763,000	26,000	-1,322,500	-591,000	223,000	-418,000	546,500	-248,000	264,000	-941,000	-344,500	-56,000	-716,000	-1,158,000	-565,000	-591,000	-30,000	314,000
Earnings Before Taxes	-188.6%	-6,212,000	-2,152,500	-9,587,000	2,742,000	-1,855,000	-8,686,500	-5,676,000	-2,126,000	-6,080,000	-3,294,000	-5,835,000	-899,000	-7,007,000	-6,766,500	-3,312,000	-7,488,000	-9,736,000	-2,517,500	-9,129,000	-2,628,000	-5,921,000
EBT Margin	-39.5%	-0.09	-0.06	-0.10	-0.08	-0.11	-0.14	-0.10	-0.10	-0.09	-0.10	-0.12	-0.11	-0.16	-0.18	-	-	-	-	-	-	-
Net Income	-174.1%	-5,526,000	-2,016,000	-7,975,000	1,979,000	-1,881,000	-7,364,000	-5,085,000	-2,349,000	-5,662,000	-3,840,500	-5,587,000	-1,163,000	-6,066,000	-6,422,000	-3,256,000	-6,772,000	-8,578,000	-1,952,500	-8,538,000	-2,598,000	-6,235,000
Net Income Margin	-36.2%	-0.08	-0.06	-0.09	-0.07	-0.10	-0.12	-0.10	-0.10	-0.09	-0.09	-0.12	-0.10	-0.15	-0.17	-	-	-	-	-	-	-
Free Cashflow	-149.1%	-1,450,000	2,956,000	3,686,000	3,545,000	-5,354,000	-276,000	2,005,000	-3,535,000	-5,564,000	-2,059,000	9,024,000	5,793,000	-13,552,000	3,191,000	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Assets	0.5%	827	823	796	793	791	770	767	764	781	788	787	775	759	769	752	745	713	722	807	674	655
Cash Equivalents	70.8%	14.00	8.00	8.00	7.00	5.00	10.00	13.00	22.00	14.00	22.00	21.00	20.00	13.00	36.00	40.00	57.00	53.00	38.00	80.00	14.00	21.00
Liabilities	1.6%	724	713	697	678	675	659	649	629	629	615	609	590	579	574	553	545	516	509	498	492	483
Short Term Borrowings	40.3%	13.00	9.00	9.00	9.00	8.00	7.00	6.00	6.00	4.00	4.00	4.00	4.00	5.00	6.00	6.00	5.00	4.00	4.00	4.00	4.00	3.00
Long Term Debt	-3.7%	38.00	40.00	37.00	35.00	32.00	30.00	28.00	27.00	22.00	22.00	23.00	23.00	24.00	25.00	22.00	20.00	18.00	17.00	15.00	14.00	10.00
Shareholder's Equity	-6.4%	103	110	99.00	115	40.00	111	119	0.00	152	122	178	132	0.00	139	199	200	197	8.00	309	181	175
Retained Earnings	-6.0%	86.00	92.00	94.00	102	100	102	109	114	116	122	126	132	133	139	145	148	155	164	166	174	175
Additional Paid-In Capital	0%	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	133	-	-
Shares Outstanding	0%	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-149.1%	-1,450	2,956	3,686	3,545	-5,354	-276	2,005	-3,535	-5,564	-2,059	9,024	5,793	-13,552	3,191	-3,324	5,522	-86.00	3,947	212	4,283	-11,232
Cashflow From Investing	441.1%	7,494	-2,197	-3,591	-3,130	2,238	-2,638	-11,210	5,906	-824	6,413	-5,737	3,796	-5,747	-7,829	-14,738	-2,564	16,377	47,808	-74,697	-3,026	4,300
Cashflow From Financing	-2.4%	-348	-340	919	901	-1,365	-13.00	208	5,346	-2,028	-2,667	-2,437	-2,605	-4,065	628	1,350	800	-927	-93,502	139,820	-335	-720

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VERY Income Statement

2024-03-31

Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Net insurance premiums	$ 22,557	$ 24,338
Net investment income	4,135	4,347
Net (losses) gains on investments	(380)	(539)
Earned commissions	16,798	14,749
Insurance lead sales	1,404	1,222
Other income	979	505
Total revenues	45,493	44,622
Benefits and expenses
Life, annuity, and health claim benefits	17,875	16,371
Interest credited to policyholder account balances	613	689
Operating costs and expenses	29,468	25,769
Amortization of deferred policy acquisition costs	3,749	3,648
Total benefits and expenses	51,705	46,477
Income (loss) before income tax	(6,212)	(1,855)
Income tax expense (benefit)	(686)	26
Net (loss) income	$ (5,526)	$ (1,881)
Weighted average shares outstanding, basic	14,875,000	14,875,000
Weighted average shares outstanding,diluted	14,875,000	14,875,000
Basic earnings per share	$ (0.37)	$ (0.13)
Diluted earnings per share	$ (0.37)	$ (0.13)

VERY Balance Sheet

2024-03-31

Interim Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities - available-for-sale - at fair value (amortized cost; $326,313 and $336,142, net of allowances for credit losses of $28 and $28)	$ 301,524	$ 313,382
Short-term investments - at fair value (amortized cost, $793 and $0)	830
Mortgage loans (net of allowances for credit losses of $566 and $573)	39,603	40,534
Policyholder loans	7,216	7,149
Other invested assets	2,603	2,364
Total investments	351,776	363,429
Cash, cash equivalents and restricted cash	13,740	8,044
Accrued investment income	3,727	3,630
Reinsurance recoverables (net of allowances for credit losses of $167 and $167)	240,224	238,598
Deferred policy acquisition costs	89,186	88,076
Commissions and agent balances (net of allowances for credit losses of $328 and $336)	58,291	53,494
Intangible assets	1,635	1,635
Deferred income tax assets, net	33,396	32,396
Other assets	35,359	33,516
Total assets	827,334	822,818
Liabilities
Future policy benefits and claims	512,494	502,464
Policyholder account balances	69,414	70,726
Other policyholder liabilities	40,580	41,450
Policy dividend obligations	9,783	9,636
Reinsurance liabilities and payables	12,032	6,262
Long-term debt	38,283	39,761
Short-term debt	12,976	9,249
Other liabilities	28,564	33,057
Total liabilities	724,126	712,605
Commitments and Contingencies (Note 6)
Shareholders' Equity
Common stock, $.001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding	15	15
Additional paid-in capital	39,840	39,840
Retained earnings	86,054	91,580
Accumulated other comprehensive (loss) income	(22,701)	(21,222)
Total shareholders' equity	103,208	110,213
Total liabilities and shareholders' equity	$ 827,334	$ 822,818

About Vericity Inc

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. This segment is also involved in the insurance lead sale activities through its eCoverage web presence. The Insurance segment provides term life, accidental death, and final expense products. Vericity, Inc. is headquartered in Chicago, Illinois. Vericity, Inc. operates as a subsidiary of Apex Holdco, L.P.

CEO	Mr. James Edward Hohmann
WEBSITE	vericity.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	417

Vericity Inc Frequently Asked Questions

What is the ticker symbol for Vericity Inc? What does VERY stand for in stocks?

VERY is the stock ticker symbol of Vericity Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Vericity Inc (VERY)?

As of Fri May 17 2024, market cap of Vericity Inc is 167.79 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VERY stock?

You can check VERY's fair value in chart for subscribers.

What is the fair value of VERY stock?

You can check VERY's fair value in chart for subscribers. The fair value of Vericity Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Vericity Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VERY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Vericity Inc a good stock to buy?

The fair value guage provides a quick view whether VERY is over valued or under valued. Whether Vericity Inc is cheap or expensive depends on the assumptions which impact Vericity Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VERY.

What is Vericity Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, VERY's PE ratio (Price to Earnings) is -12.39 and Price to Sales (PS) ratio is 0.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VERY PE ratio will change depending on the future growth rate expectations of investors.