DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 3,494.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,806 shares of the company's stock after acquiring an additional 58,142 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.07% of Globe Life worth $6,670,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of GL. Albion Financial Group UT purchased a new stake in Globe Life during the 4th quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in Globe Life during the 4th quarter worth about $28,000. Avalon Trust Co purchased a new stake in Globe Life in the 4th quarter valued at about $41,000. EverSource Wealth Advisors LLC increased its stake in shares of Globe Life by 32.7% during the 4th 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 last quarter. Finally, Platinum Investment Management Ltd. acquired a new position in shares of Globe Life during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 81.61% of the company's stock.
Globe Life Stock Performance
Shares of GL stock traded up $1.28 during trading on Thursday, reaching $120.56. The company had a trading volume of 284,457 shares, compared to its average volume of 864,627. The firm's 50 day simple moving average is $123.29 and its two-hundred day simple moving average is $117.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.05 and a quick ratio of 0.05. Globe Life Inc. has a one year low of $76.55 and a one year high of $133.76. The company has a market capitalization of $9.95 billion, a PE ratio of 10.08 and a beta of 0.56.
Globe Life (NYSE:GL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.24 by ($0.17). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Globe Life had a return on equity of 22.32% and a net margin of 18.53%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 earnings per share. Sell-side analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current year.
Globe Life Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, July 3rd. Globe Life's dividend payout ratio (DPR) is 8.79%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on GL shares. Piper Sandler dropped their price objective 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. Wells Fargo & Company decreased their target price on Globe Life from $140.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their target price on Globe Life from $136.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on Globe Life in a report on Thursday, January 23rd. They set a "market perform" rating and a $114.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their price target on Globe Life from $137.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $137.00.
Get Our Latest Stock Report on GL
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.
Recommended Stories
Before you consider Globe Life, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Globe Life wasn't on the list.
While Globe Life currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
