Lido Advisors LLC Boosts Stock Position in Globe Life Inc. (NYSE:GL)

Lido Advisors LLC raised its position in shares of Globe Life Inc. (NYSE:GL - Free Report) by 1,115.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,437 shares of the company's stock after buying an additional 27,015 shares during the quarter. Lido Advisors LLC's holdings in Globe Life were worth $3,283,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC lifted its position in Globe Life by 34.7% during the 3rd quarter. World Investment Advisors LLC now owns 5,704 shares of the company's stock worth $604,000 after acquiring an additional 1,469 shares during the period. Retirement Systems of Alabama increased its position in shares of Globe Life by 6.4% in the third quarter. Retirement Systems of Alabama now owns 19,702 shares of the company's stock valued at $2,087,000 after buying an additional 1,179 shares in the last quarter. DGS Capital Management LLC acquired a new position in Globe Life during the third quarter worth $212,000. Principal Financial Group Inc. lifted its stake in Globe Life by 9.0% in the 3rd quarter. Principal Financial Group Inc. now owns 105,315 shares of the company's stock valued at $11,154,000 after buying an additional 8,663 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Globe Life by 388.0% in the fourth quarter. Versant Capital Management Inc now owns 244 shares of the company's stock worth $27,000 after acquiring an additional 194 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Trading Down 0.3 %

GL traded down $0.40 during mid-day trading on Tuesday, hitting $121.10. 152,965 shares of the stock were exchanged, compared to its average volume of 914,470. The firm's fifty day moving average is $124.01 and its two-hundred day moving average is $116.92. Globe Life Inc. has a 1-year low of $76.55 and a 1-year high of $133.76. The company has a market cap of $10.08 billion, a PE ratio of 10.13 and a beta of 0.56. 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 announced its quarterly earnings data 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 business 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 company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.78 EPS. Equities analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

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 issued a dividend of $0.27 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.08 annualized dividend and a yield of 0.89%. Globe Life's dividend payout ratio (DPR) is 8.79%.

Insiders Place Their Bets

In other news, CEO Frank M. Svoboda sold 11,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $122.31, for a total transaction of $1,345,410.00. Following the completion of the transaction, the chief executive officer now directly owns 18,948 shares of the company's stock, valued at approximately $2,317,529.88. This represents a 36.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Matthew Darden sold 24,890 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 38,973 shares in the company, valued at approximately $4,735,998.96. The trade was a 38.97 % decrease in their position. The disclosure for this sale can be found here. 1.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GL shares. Wells Fargo & Company cut their price target on Globe Life from $140.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday. Morgan Stanley lowered their price target on shares of Globe Life from $126.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods raised their price objective on shares of Globe Life from $137.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Evercore ISI upgraded shares of Globe Life from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $132.00 to $143.00 in a report on Wednesday, January 8th. Finally, BMO Capital Markets initiated coverage on shares of Globe Life in a report on Thursday, January 23rd. They set a "market perform" rating and a $114.00 price target for the company. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock 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.