Jefferies Financial Group Inc. Makes New $5.09 Million Investment in Globe Life Inc. (NYSE:GL)

Jefferies Financial Group Inc. bought a new position in Globe Life Inc. (NYSE:GL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,630 shares of the company's stock, valued at approximately $5,089,000. Jefferies Financial Group Inc. owned about 0.05% of Globe Life as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Albion Financial Group UT bought a new stake in Globe Life during the fourth quarter valued at about $28,000. Rakuten Securities Inc. bought a new stake in Globe Life during the fourth quarter valued at about $28,000. Avalon Trust Co bought a new stake in Globe Life during the fourth quarter valued at about $41,000. EverSource Wealth Advisors LLC boosted its holdings in Globe Life by 32.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $41,000 after acquiring an additional 90 shares during the period. Finally, Platinum Investment Management Ltd. bought a new stake in Globe Life during the fourth quarter valued at about $45,000. 81.61% of the stock is owned by institutional investors.

Globe Life Price Performance

NYSE GL traded up $1.30 during trading hours on Friday, reaching $121.87. 706,010 shares of the company's stock were exchanged, compared to its average volume of 862,582. The stock has a market cap of $10.06 billion, a PE ratio of 10.20 and a beta of 0.56. Globe Life Inc. has a one year low of $76.55 and a one year high of $133.76. The firm has a fifty day moving average of $123.26 and a 200-day moving average of $117.47. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50.

Globe Life (NYSE:GL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.24 by ($0.17). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Globe Life had a net margin of 18.53% and a return on equity of 22.32%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 EPS. On average, equities research analysts predict that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, July 3rd. Globe Life's dividend payout ratio is currently 8.79%.

Analysts Set New Price Targets

Several research firms recently weighed in on GL. Morgan Stanley reduced their target price on shares of Globe Life from $126.00 to $117.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company reduced their target price on shares of Globe Life from $140.00 to $139.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Piper Sandler reduced their target price on shares of Globe Life from $152.00 to $147.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. BMO Capital Markets began coverage on shares of Globe Life in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Globe Life from $136.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $137.00.

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.