59,546 Shares in Globe Life Inc. (NYSE:GL) Acquired by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can acquired a new position in shares of Globe Life Inc. (NYSE:GLGet Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,546 shares of the company’s stock, valued at approximately $5,934,000. Great West Life Assurance Co. Can owned approximately 0.06% of Globe Life at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GL. Wellington Management Group LLP increased its position in Globe Life by 37.0% in the 1st quarter. Wellington Management Group LLP now owns 7,308,014 shares of the company’s stock valued at $735,187,000 after acquiring an additional 1,973,186 shares during the period. BlackRock Inc. increased its position in Globe Life by 0.9% in the 1st quarter. BlackRock Inc. now owns 6,520,494 shares of the company’s stock valued at $655,963,000 after acquiring an additional 57,587 shares during the period. FMR LLC increased its position in Globe Life by 7.9% in the 2nd quarter. FMR LLC now owns 2,110,260 shares of the company’s stock valued at $205,687,000 after acquiring an additional 154,505 shares during the period. Invesco Ltd. increased its position in Globe Life by 36.3% in the 1st quarter. Invesco Ltd. now owns 1,908,373 shares of the company’s stock valued at $191,981,000 after acquiring an additional 508,064 shares during the period. Finally, Equity Investment Corp increased its position in Globe Life by 2.6% in the 2nd quarter. Equity Investment Corp now owns 956,993 shares of the company’s stock valued at $93,278,000 after acquiring an additional 24,360 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Price Performance

Shares of NYSE:GL opened at $117.42 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $11.42 billion, a PE ratio of 16.56 and a beta of 0.82. Globe Life Inc. has a twelve month low of $87.87 and a twelve month high of $123.85. The company has a 50-day moving average price of $118.37 and a two-hundred day moving average price of $108.85.

Globe Life (NYSE:GLGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Globe Life had a net margin of 13.61% and a return on equity of 12.02%. Equities analysts forecast that Globe Life Inc. will post 8.09 EPS for the current year.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 6th will be given a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $0.83 annualized dividend and a yield of 0.71%. Globe Life’s payout ratio is presently 11.71%.

Insider Buying and Selling at Globe Life

In other Globe Life news, CAO Michael Shane Henrie sold 3,000 shares of Globe Life stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $114.93, for a total transaction of $344,790.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Globe Life news, CAO Michael Shane Henrie sold 3,000 shares of Globe Life stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $114.93, for a total transaction of $344,790.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven John Dichiaro sold 10,000 shares of Globe Life stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $115.13, for a total transaction of $1,151,300.00. Following the transaction, the insider now directly owns 8,372 shares in the company, valued at $963,868.36. The disclosure for this sale can be found here. Insiders sold a total of 110,571 shares of company stock worth $12,563,268 over the last three months. 4.62% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on GL. Truist Financial upped their price objective on shares of Globe Life from $100.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, October 28th. Piper Sandler upped their price objective on shares of Globe Life from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. StockNews.com began coverage on shares of Globe Life in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley upped their price objective on shares of Globe Life from $115.00 to $132.00 and gave the company an “underweight” rating in a research note on Tuesday, January 10th. Finally, Credit Suisse Group upped their price objective on shares of Globe Life from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Globe Life has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

Globe Life Profile

(Get Rating)

Globe Life, Inc is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances.

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Institutional Ownership by Quarter for Globe Life (NYSE:GL)

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