Jefferies Financial Group Inc. Makes New $26.18 Million Investment in Ethos Technologies Inc. Class A Common Stock $LIFE

Key Points

• Jefferies Financial Group acquired a new stake of 779,999 Ethos shares, worth about $26.2 million and representing approximately 1.22% of the company.
• Institutional investors and hedge funds own 61.72% of Ethos shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $45.89.
• Ethos reported quarterly EPS of $0.49, beating the $0.10 consensus estimate, on revenue of $235.22 million; insiders sold 850,737 shares worth about $30.4 million over the last quarter.

Jefferies Financial Group Inc. purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 779,999 shares of the company's stock, valued at approximately $26,185,000. Jefferies Financial Group Inc. owned approximately 1.22% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LIFE. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth $32,000. Cisco Systems Inc. acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $81,000. Triumph Capital Management acquired 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. bought a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter valued at about $317,000. Finally, Zevenbergen Capital Investments LLC bought a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter valued at about $720,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ethos Technologies Inc. Class A Common Stock news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.12, for a total transaction of $3,570,170.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Peter Colis sold 40,000 shares of the company's stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $39.07, for a total transaction of $1,562,800.00. Following the sale, the chief executive officer directly owned 1,537,360 shares of the company's stock, valued at $60,064,655.20. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 850,737 shares of company stock worth $30,440,261. Company insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LIFE shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Weiss Ratings raised shares of Ethos Technologies Inc. Class A Common Stock from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Citizens Jmp upped their price target on shares of Ethos Technologies Inc. Class A Common Stock from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Tuesday, November 3rd. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, Bank of America reaffirmed a "buy" rating and issued a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $45.89.

Ethos Technologies Inc. Class A Common Stock Stock Up 4.5%

LIFE opened at $37.64 on Thursday. The firm has a market cap of $2.40 billion and a PE ratio of -13.54. The business has a fifty day simple moving average of $38.07 and a 200-day simple moving average of $27.44. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $49.98.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.39. Ethos Technologies Inc. Class A Common Stock had a negative return on equity of 33.48% and a negative net margin of 16.16%. The business had revenue of $235.22 million for the quarter. On average, equities research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.22 EPS for the current fiscal year.

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.

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