Cwm LLC Increases Position in Globe Life Inc. (NYSE:GL)

Cwm LLC grew its holdings in shares of Globe Life Inc. (NYSE:GL) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,885 shares of the company’s stock after buying an additional 358 shares during the quarter. Cwm LLC’s holdings in Globe Life were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Private Trust Co. NA raised its holdings in Globe Life by 270.0% in the fourth quarter. Private Trust Co. NA now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 162 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of Globe Life in the 4th quarter worth about $28,000. Lindbrook Capital LLC raised its stake in shares of Globe Life by 62.2% in the 4th quarter. Lindbrook Capital LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 92 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of Globe Life during the third quarter worth about $61,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Globe Life in the fourth quarter worth about $63,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GL shares. Wells Fargo & Company reduced their target price on Globe Life from $132.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Evercore ISI reduced their price objective on Globe Life from $125.00 to $75.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. Piper Sandler lowered their target price 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. Keefe, Bruyette & Woods upgraded shares of Globe Life from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $130.00 to $110.00 in a research report on Wednesday, April 24th. Finally, Truist Financial lowered their price objective on shares of Globe Life from $125.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Globe Life presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

Globe Life Trading Down 2.2 %

Globe Life stock opened at $77.55 on Friday. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $132.00. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 7.41 and a beta of 0.78. The firm has a 50-day moving average price of $102.81 and a two-hundred day moving average price of $114.32.

Globe Life (NYSE:GL) last issued 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). Globe Life had a return on equity of 23.91% and a net margin of 18.07%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that Globe Life Inc. will post 11.72 earnings per share for the current year.

Globe Life Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th were paid a $0.24 dividend. This is a boost from Globe Life’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, April 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. Globe Life’s dividend payout ratio is presently 9.17%.

Insider Activity at Globe Life

In related news, Director David A. Rodriguez purchased 1,500 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of $79.72 per share, for a total transaction of $119,580.00. Following the transaction, the director now owns 4,192 shares of the company’s stock, valued at $334,186.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David A. Rodriguez acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were bought at an average price of $79.72 per share, with a total value of $119,580.00. Following the purchase, the director now owns 4,192 shares of the company’s stock, valued at $334,186.24. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca E. Zorn sold 2,320 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was 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 owns 10,220 shares in the company, valued at $790,006. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.

Globe Life 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.