ProShare Advisors LLC raised its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,927 shares of the company's stock after buying an additional 4,909 shares during the period. ProShare Advisors LLC's holdings in Globe Life were worth $3,560,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Albion Financial Group UT purchased a new position in shares of Globe Life in the 4th quarter valued at $28,000. Rakuten Securities Inc. acquired a new position in Globe Life in the fourth quarter valued at $28,000. Avalon Trust Co purchased a new position in shares of Globe Life during the fourth quarter worth about $41,000. EverSource Wealth Advisors LLC grew its holdings in shares of Globe Life by 32.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock worth $41,000 after purchasing an additional 90 shares during the last quarter. Finally, Platinum Investment Management Ltd. acquired a new stake in shares of Globe Life during the fourth quarter worth about $45,000. 81.61% of the stock is owned by hedge funds and other institutional investors.
Globe Life Price Performance
GL stock opened at $122.07 on Tuesday. The stock has a market capitalization of $10.08 billion, a PE ratio of 10.22 and a beta of 0.56. The company has a fifty day moving average of $123.19 and a 200-day moving average of $117.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life Inc. has a one year low of $76.55 and a one year high of $133.76.
Globe Life (NYSE:GL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.24 by ($0.17). The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. Globe Life had a return on equity of 22.32% and a net margin of 18.53%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.78 earnings per share. As a group, analysts expect that Globe Life Inc. will post 13.87 EPS for the current year.
Globe Life Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, July 3rd. Globe Life's dividend payout ratio (DPR) is 8.79%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on GL shares. JPMorgan Chase & Co. upped their target price on Globe Life from $136.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Globe Life in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Globe Life from $140.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. StockNews.com upgraded shares of Globe Life from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Morgan Stanley increased their target price on shares of Globe Life from $117.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.73.
Read Our Latest Stock Analysis on GL
Globe Life 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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