Steven John Dichiaro Sells 1,000 Shares of Globe Life Inc. (NYSE:GL) Stock

Globe Life Inc. (NYSE:GLGet Rating) insider Steven John Dichiaro sold 1,000 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $100.05, for a total value of $100,050.00. Following the transaction, the insider now owns 9,372 shares in the company, valued at $937,668.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Globe Life stock opened at $101.79 on Friday. The stock has a market cap of $10.11 billion, a P/E ratio of 14.22 and a beta of 1.02. The company has a fifty day simple moving average of $100.65 and a 200-day simple moving average of $97.88. Globe Life Inc. has a 12-month low of $85.25 and a 12-month high of $108.61. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18.

Globe Life (NYSE:GLGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Globe Life had a return on equity of 8.31% and a net margin of 14.18%. Globe Life’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.53 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 4th will be given a dividend of $0.2075 per share. This is a boost from Globe Life’s previous quarterly dividend of $0.20. This represents a $0.83 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, April 1st. Globe Life’s payout ratio is 11.59%.

Several institutional investors have recently added to or reduced their stakes in GL. Morgan Stanley lifted its position in shares of Globe Life by 6.2% during the 2nd quarter. Morgan Stanley now owns 298,656 shares of the company’s stock worth $28,447,000 after purchasing an additional 17,374 shares during the last quarter. Nordea Investment Management AB lifted its position in Globe Life by 106.7% in the third quarter. Nordea Investment Management AB now owns 22,680 shares of the company’s stock valued at $2,050,000 after acquiring an additional 11,706 shares during the last quarter. Victory Capital Management Inc. lifted its position in Globe Life by 17.8% in the third quarter. Victory Capital Management Inc. now owns 248,712 shares of the company’s stock valued at $22,142,000 after acquiring an additional 37,669 shares during the last quarter. Raymond James & Associates lifted its position in Globe Life by 2.8% in the third quarter. Raymond James & Associates now owns 133,826 shares of the company’s stock valued at $11,915,000 after acquiring an additional 3,583 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Globe Life by 0.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 14,314 shares of the company’s stock valued at $1,274,000 after acquiring an additional 128 shares during the last quarter. 73.85% of the stock is owned by institutional investors and hedge funds.

GL has been the topic of a number of research reports. Zacks Investment Research upgraded Globe Life from a “sell” rating to a “hold” rating in a research note on Monday, February 7th. Morgan Stanley upped their price target on Globe Life from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 22nd. Piper Sandler upgraded Globe Life from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $105.00 to $117.00 in a research note on Wednesday, January 12th. Jefferies Financial Group began coverage on Globe Life in a report on Tuesday, January 25th. They issued a “hold” rating and a $106.00 target price for the company. Finally, StockNews.com started coverage on Globe Life in a report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $108.33.

Globe Life Company Profile (Get Rating)

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

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Insider Buying and Selling by Quarter for Globe Life (NYSE:GL)

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