Investors Consider Selling Figs After Security Benefit Liquidates Stock Position

Security Benefit Life Insurance Co. has fully divested its position in FIGS, Inc. (NYSE: FIGS), selling 565,560 shares for approximately $3.19 million, as reported in a filing on November 12, 2025. This sale eliminated a stake that represented 1.51% of the firm’s assets under management at the end of the previous quarter. The transaction occurred during the third quarter, marking a complete exit from the investment. Security Benefit’s decision reflects a significant change in its portfolio strategy.

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