FJ Capital Management LLC Sells 10,447 Shares of Globe Life Inc. (NYSE:GL)

FJ Capital Management LLC lessened its stake in shares of Globe Life Inc. (NYSE:GL - Free Report) by 68.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,808 shares of the company's stock after selling 10,447 shares during the quarter. FJ Capital Management LLC's holdings in Globe Life were worth $536,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of Globe Life by 62.1% during the fourth quarter. Deutsche Bank AG now owns 420,970 shares of the company's stock worth $46,947,000 after purchasing an additional 161,302 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Globe Life by 3,494.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 59,806 shares of the company's stock worth $6,670,000 after purchasing an additional 58,142 shares during the last quarter. Concentric Capital Strategies LP acquired a new stake in shares of Globe Life during the fourth quarter worth $1,429,000. Crestline Management LP acquired a new stake in shares of Globe Life during the fourth quarter worth $978,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Globe Life during the fourth quarter worth $2,643,000. Institutional investors and hedge funds own 81.61% of the company's stock.

Insider Activity

In related news, CEO James Matthew Darden sold 24,890 shares of Globe Life stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $121.52, for a total transaction of $3,024,632.80. Following the completion of the sale, the chief executive officer now owns 38,973 shares of the company's stock, valued at approximately $4,735,998.96. This trade represents a 38.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank M. Svoboda sold 11,000 shares of Globe Life stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $122.31, for a total value of $1,345,410.00. Following the sale, the chief executive officer now directly owns 18,948 shares of the company's stock, valued at approximately $2,317,529.88. The trade was a 36.73% decrease in their position. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by corporate insiders.

Globe Life Price Performance

Shares of NYSE GL traded up $0.74 during mid-day trading on Friday, reaching $121.97. The company had a trading volume of 436,110 shares, compared to its average volume of 875,882. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50. The stock has a market cap of $10.15 billion, a PE ratio of 10.21 and a beta of 0.56. The company has a 50-day moving average price of $123.62 and a two-hundred day moving average price of $117.23. Globe Life Inc. has a 1-year low of $76.55 and a 1-year high of $133.76.

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). Globe Life had a net margin of 18.53% and a return on equity of 22.32%. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $2.78 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GL. Morgan Stanley decreased their price objective on Globe Life from $126.00 to $117.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. 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 research note on Wednesday, February 12th. Wells Fargo & Company cut their price objective on Globe Life from $140.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Piper Sandler cut their price objective on Globe Life from $152.00 to $147.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, BMO Capital Markets began coverage on Globe Life in a report on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 price objective on the stock. Four 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.00.

Globe Life 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.