Nomura Asset Management Co. Ltd. Acquires 1,186 Shares of Globe Life Inc. (NYSE:GL)

Nomura Asset Management Co. Ltd. lifted its position in Globe Life Inc. (NYSE:GLFree Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,735 shares of the company’s stock after purchasing an additional 1,186 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Globe Life were worth $3,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ieq Capital LLC bought a new position in shares of Globe Life during the third quarter valued at about $241,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Globe Life by 6.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 78,130 shares of the company’s stock worth $8,495,000 after purchasing an additional 4,430 shares during the period. Jump Financial LLC grew its position in Globe Life by 474.0% in the 3rd quarter. Jump Financial LLC now owns 11,348 shares of the company’s stock worth $1,234,000 after purchasing an additional 9,371 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Globe Life during the 3rd quarter valued at $541,000. Finally, Barclays PLC grew its position in shares of Globe Life by 48.0% during the 3rd quarter. Barclays PLC now owns 254,116 shares of the company’s stock valued at $27,632,000 after acquiring an additional 82,367 shares during the period. Institutional investors own 81.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI dropped their target price on shares of Globe Life from $125.00 to $75.00 and set an “in-line” rating for the company in a report on Friday, April 12th. Raymond James reiterated a “strong-buy” rating on shares of Globe Life in a research note on Tuesday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of Globe Life from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. StockNews.com cut shares of Globe Life from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, Piper Sandler decreased 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 report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Get Our Latest Stock Report on GL

Insider Activity at Globe Life

In other news, CFO Thomas Peter Kalmbach purchased 500 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $84.43 per share, for a total transaction of $42,215.00. Following the completion of the transaction, the chief financial officer now owns 18,080 shares in the company, valued at $1,526,494.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Rebecca E. Zorn sold 2,320 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $77.30, for a total transaction of $179,336.00. Following the transaction, the executive vice president now directly owns 10,220 shares in the company, valued at $790,006. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas Peter Kalmbach purchased 500 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $84.43 per share, for a total transaction of $42,215.00. Following the completion of the transaction, the chief financial officer now directly owns 18,080 shares of the company’s stock, valued at approximately $1,526,494.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,500 shares of company stock worth $536,860. 1.51% of the stock is owned by company insiders.

Globe Life Trading Down 0.2 %

Shares of Globe Life stock opened at $82.22 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a fifty day moving average price of $87.26 and a 200 day moving average price of $110.14. Globe Life Inc. has a 1 year low of $38.95 and a 1 year high of $132.00. The stock has a market cap of $7.59 billion, a PE ratio of 7.85 and a beta of 0.78.

Globe Life (NYSE:GLGet Free Report) last issued its earnings results 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 23.01% and a net margin of 18.07%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $2.53 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts predict that Globe Life Inc. will post 11.72 earnings per share for the current year.

Globe Life Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.96 annualized dividend and a yield of 1.17%. Globe Life’s dividend payout ratio is presently 9.17%.

About Globe Life

(Free Report)

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.

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

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