TFO Wealth Partners LLC Has $179,000 Position in Globe Life Inc. (NYSE:GL)

TFO Wealth Partners LLC grew its stake in Globe Life Inc. (NYSE:GLFree Report) by 36,675.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,471 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. TFO Wealth Partners LLC’s holdings in Globe Life were worth $179,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Retirement Systems of Alabama bought a new position in shares of Globe Life in the fourth quarter valued at about $2,297,000. Pacer Advisors Inc. raised its position in shares of Globe Life by 488.6% in the fourth 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 period. Arizona State Retirement System raised its position in shares of Globe Life by 5.2% in the fourth 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 period. AIA Group Ltd bought a new position in shares of Globe Life in the fourth quarter valued at about $1,788,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Globe Life by 6.2% in the fourth 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 period. 81.61% of the stock is owned by institutional investors.

Globe Life Trading Down 0.3 %

Shares of Globe Life stock opened at $82.48 on Tuesday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 7.88 and a beta of 0.81. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.32. Globe Life Inc. has a 12-month low of $38.95 and a 12-month high of $132.00. The firm’s 50-day moving average price is $85.93 and its two-hundred day moving average price is $109.55.

Globe Life (NYSE:GLGet Free Report) last announced its quarterly earnings data on Monday, April 22nd. The company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Globe Life had a return on equity of 23.01% and a net margin of 18.07%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.53 earnings per share. On average, analysts forecast that Globe Life Inc. will post 11.72 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Friday, July 5th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. Globe Life’s payout ratio is currently 9.17%.

Insider Activity

In related news, CFO Thomas Peter Kalmbach purchased 500 shares of Globe Life stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $84.43 per share, for a total transaction of $42,215.00. Following the purchase, the chief financial officer now owns 18,080 shares in the company, valued at approximately $1,526,494.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Globe Life news, EVP Robert Edward Hensley bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $82.17 per share, for a total transaction of $205,425.00. Following the transaction, the executive vice president now directly owns 7,290 shares in the company, valued at $599,019.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas Peter Kalmbach bought 500 shares of the business’s 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 owns 18,080 shares in the company, valued at $1,526,494.40. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 6,500 shares of company stock worth $536,860. Corporate insiders own 1.51% of the company’s stock.

Analyst Upgrades and Downgrades

GL has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of Globe Life from $132.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Piper Sandler lowered their price target on shares of Globe Life from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods raised shares of Globe Life from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $130.00 to $110.00 in a research report on Wednesday, April 24th. Truist Financial lowered their price target on shares of Globe Life from $125.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Finally, StockNews.com lowered shares of Globe Life from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Five equities research 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.33.

View Our Latest Analysis on Globe Life

Globe Life Company Profile

(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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