Yousif Capital Management LLC Trims Stock Position in Globe Life Inc. (NYSE:GL)

Yousif Capital Management LLC lessened its position in shares of Globe Life Inc. (NYSE:GL) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,009 shares of the company’s stock after selling 1,365 shares during the quarter. Yousif Capital Management LLC’s holdings in Globe Life were worth $2,435,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Globe Life by 488.6% in the 4th quarter. Pacer Advisors Inc. now owns 33,620 shares of the company’s stock valued at $4,092,000 after purchasing an additional 27,908 shares during the last quarter. Arizona State Retirement System increased its holdings in Globe Life by 5.2% in the 4th quarter. Arizona State Retirement System now owns 26,061 shares of the company’s stock valued at $3,172,000 after purchasing an additional 1,295 shares during the last quarter. AIA Group Ltd acquired a new stake in Globe Life in the 4th quarter valued at approximately $1,788,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Globe Life by 6.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 261,580 shares of the company’s stock valued at $31,840,000 after purchasing an additional 15,329 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Globe Life by 72.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,637 shares of the company’s stock valued at $443,000 after purchasing an additional 1,526 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Insider Transactions at Globe Life

In related news, EVP Rebecca E. Zorn sold 2,320 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $77.30, for a total value of $179,336.00. Following the completion of the sale, the executive vice president now directly owns 10,220 shares of the company’s stock, valued at $790,006. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director David A. Rodriguez purchased 1,500 shares of Globe Life stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average cost of $79.72 per share, with a total value of $119,580.00. Following the completion of the transaction, the director now directly owns 4,192 shares in the company, valued at $334,186.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca E. Zorn sold 2,320 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $77.30, for a total transaction of $179,336.00. Following the completion of the sale, the executive vice president now directly owns 10,220 shares of the company’s stock, valued at $790,006. The disclosure for this sale can be found here. Corporate insiders own 1.51% of the company’s stock.

Globe Life Price Performance

Globe Life stock opened at $78.19 on Tuesday. The stock has a market cap of $7.35 billion, a P/E ratio of 7.47 and a beta of 0.69. The company has a fifty day simple moving average of $105.71 and a 200-day simple moving average of $115.07. Globe Life Inc. has a 12-month low of $38.95 and a 12-month high of $132.00. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36.

Globe Life (NYSE:GL) last released its quarterly earnings data on Monday, April 22nd. The company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Globe Life had a return on equity of 23.91% and a net margin of 18.07%. Globe Life’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $2.53 earnings per share. Equities analysts expect that Globe Life Inc. will post 11.73 EPS for the current fiscal year.

Globe Life Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be given a dividend of $0.24 per share. This is a boost from Globe Life’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, April 4th. Globe Life’s payout ratio is 9.17%.

Analyst Ratings Changes

Several research firms recently weighed in on GL. Truist Financial dropped their target price on shares of Globe Life from $125.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded shares of Globe Life from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. Keefe, Bruyette & Woods upgraded shares of Globe Life from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $130.00 to $110.00 in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Globe Life from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Piper Sandler dropped their price target on shares of Globe Life from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Globe Life presently has an average rating of “Moderate Buy” and an average price target of $114.33.

Globe Life Company Profile

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