The Manufacturers Life Insurance Company Invests $6.19 Million in Ethos Technologies Inc. Class A Common Stock $LIFE

The Manufacturers Life Insurance Company purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 341,279 shares of the company’s stock, valued at approximately $6,191,000.

Insider Buying and Selling

In other Ethos Technologies Inc. Class A Common Stock news, CEO Peter Colis sold 28,600 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $33.38, for a total value of $954,668.00. Following the completion of the transaction, the chief executive officer owned 1,537,360 shares of the company’s stock, valued at approximately $51,317,076.80. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christopher Capozzi sold 26,184 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.14, for a total transaction of $893,921.76. Following the transaction, the chief financial officer owned 639,044 shares in the company, valued at $21,816,962.16. This represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 928,107 shares of company stock worth $24,825,665 in the last three months.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $40.25 on Monday. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $42.55. The business has a fifty day simple moving average of $28.81. The company has a market cap of $2.57 billion and a price-to-earnings ratio of -14.12.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. The business’s quarterly revenue was up 113.5% compared to the same quarter last year. On average, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LIFE. Robert W. Baird upped their price target on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Friday, August 21st. Finally, Barclays increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ethos Technologies Inc. Class A Common Stock has a consensus rating of “Moderate Buy” and an average target price of $32.29.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.