Security Benefit Life Insurance Co. KS Invests $6.96 Million in FIGS, Inc. (NYSE:FIGS)

Security Benefit Life Insurance Co. KS bought a new position in FIGS, Inc. (NYSE:FIGS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,516,803 shares of the company's stock, valued at approximately $6,962,000. FIGS makes up approximately 2.6% of Security Benefit Life Insurance Co. KS's portfolio, making the stock its 5th largest holding. Security Benefit Life Insurance Co. KS owned 0.93% of FIGS as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of FIGS by 585.8% in the 1st quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock worth $30,000 after acquiring an additional 5,583 shares in the last quarter. Teacher Retirement System of Texas bought a new position in FIGS during the 1st quarter valued at approximately $66,000. Stifel Financial Corp bought a new position in FIGS during the 4th quarter valued at approximately $70,000. Cibc World Markets Corp bought a new position in FIGS during the 4th quarter valued at approximately $75,000. Finally, Quantinno Capital Management LP bought a new position in FIGS during the 4th quarter valued at approximately $82,000. Institutional investors own 92.21% of the company's stock.

FIGS Trading Down 0.4%

FIGS traded down $0.03 during trading on Wednesday, hitting $5.85. 2,108,231 shares of the company's stock traded hands, compared to its average volume of 2,592,941. The company's 50 day simple moving average is $5.15 and its two-hundred day simple moving average is $5.05. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06. The stock has a market capitalization of $950.10 million, a price-to-earnings ratio of 587.00 and a beta of 1.32.

Analysts Set New Price Targets

FIGS has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.00 price objective on shares of FIGS in a research report on Tuesday, May 13th. The Goldman Sachs Group reduced their price objective on FIGS from $4.25 to $3.75 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Barclays reaffirmed a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. Finally, Morgan Stanley reduced their price objective on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a research report on Thursday, April 17th.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.