Graham Capital Management L.P. raised its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 46.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,238 shares of the company's stock after acquiring an additional 3,233 shares during the quarter. Graham Capital Management L.P.'s holdings in Globe Life were worth $1,142,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Private Trust Co. NA raised its stake in shares of Globe Life by 12.5% in the fourth quarter. Private Trust Co. NA now owns 754 shares of the company's stock worth $84,000 after purchasing an additional 84 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Globe Life by 4.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,271 shares of the company's stock valued at $276,000 after purchasing an additional 87 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Globe Life by 4.0% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 2,293 shares of the company's stock worth $256,000 after buying an additional 88 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $41,000 after buying an additional 90 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in Globe Life by 2.4% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,233 shares of the company's stock worth $472,000 after buying an additional 100 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.
Globe Life Trading Up 1.1%
Shares of NYSE:GL traded up $1.30 on Friday, hitting $121.87. 706,010 shares of the company's stock were exchanged, compared to its average volume of 862,582. The business's 50 day simple moving average is $123.26 and its two-hundred day simple moving average is $117.47. 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 12 month low of $76.55 and a 12 month high of $133.76. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 10.20 and a beta of 0.56.
Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.24 by ($0.17). Globe Life had a net margin of 18.53% and a return on equity of 22.32%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $2.78 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current fiscal year.
Globe Life Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 3rd will be given a $0.27 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 0.89%. Globe Life's dividend payout ratio is currently 8.79%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of Globe Life from $126.00 to $117.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company dropped 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 report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their target price on shares of Globe Life from $137.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of Globe Life from $136.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Piper Sandler dropped 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 report on Friday, May 2nd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $137.00.
Read Our Latest 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.
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