Globe Life Inc. (NYSE:GL) Stock Holdings Lifted by Brinker Capital Investments LLC

Brinker Capital Investments LLC lifted its position in Globe Life Inc. (NYSE:GLGet Rating) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,449 shares of the company’s stock after acquiring an additional 224 shares during the period. Brinker Capital Investments LLC’s holdings in Globe Life were worth $743,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in Globe Life by 37.0% during the first quarter. Wellington Management Group LLP now owns 7,308,014 shares of the company’s stock valued at $735,187,000 after purchasing an additional 1,973,186 shares in the last quarter. Invesco Ltd. grew its position in Globe Life by 36.3% during the first quarter. Invesco Ltd. now owns 1,908,373 shares of the company’s stock valued at $191,981,000 after purchasing an additional 508,064 shares in the last quarter. Parsifal Capital Management LP grew its position in Globe Life by 92.0% during the second quarter. Parsifal Capital Management LP now owns 836,400 shares of the company’s stock valued at $81,524,000 after purchasing an additional 400,753 shares in the last quarter. Millennium Management LLC grew its position in Globe Life by 466.2% during the second quarter. Millennium Management LLC now owns 432,046 shares of the company’s stock valued at $42,112,000 after purchasing an additional 355,735 shares in the last quarter. Finally, Truist Financial Corp grew its position in Globe Life by 555.1% during the second quarter. Truist Financial Corp now owns 269,493 shares of the company’s stock valued at $26,267,000 after purchasing an additional 228,355 shares in the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GL. JPMorgan Chase & Co. boosted their price objective on shares of Globe Life from $112.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, January 6th. Morgan Stanley lifted their target price 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. Truist Financial lifted their target price 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 lifted their target price 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. Finally, StockNews.com started coverage on shares of Globe Life in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.50.

Globe Life Price Performance

Shares of Globe Life stock opened at $117.65 on Tuesday. The firm has a fifty day simple moving average of $118.51 and a 200-day simple moving average of $109.06. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.37. Globe Life Inc. has a 1-year low of $87.87 and a 1-year high of $123.85. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 16.59 and a beta of 0.82.

Globe Life (NYSE:GLGet Rating) last issued its quarterly earnings data 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. Globe Life had a net margin of 13.61% and a return on equity of 12.02%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts expect that Globe Life Inc. will post 8.09 earnings per share for the current year.

Globe Life Announces Dividend

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

Insider Buying and Selling

In related news, CEO Larry M. Hutchison sold 12,000 shares of the business’s stock in a transaction on Friday, December 30th. The shares were sold at an average price of $102.98, for a total transaction of $1,235,760.00. Following the transaction, the chief executive officer now owns 730,792 shares of the company’s stock, valued at $75,256,960.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Larry M. Hutchison sold 12,000 shares of the business’s stock in a transaction on Friday, December 30th. The shares were sold at an average price of $102.98, for a total transaction of $1,235,760.00. Following the transaction, the chief executive officer now owns 730,792 shares of the company’s stock, valued at $75,256,960.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kenneth J. Matson sold 2,573 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $116.17, for a total transaction of $298,905.41. Following the transaction, the insider now directly owns 29,153 shares in the company, valued at approximately $3,386,704.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,571 shares of company stock valued at $12,563,268. 4.62% of the stock is owned by company insiders.

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.

Read More

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

Receive News & Ratings for Globe Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globe Life and related companies with MarketBeat.com's FREE daily email newsletter.