David A. Rodriguez Purchases 1,500 Shares of Globe Life Inc. (NYSE:GL) Stock

Globe Life Inc. (NYSE:GL - Get Free Report) Director David A. Rodriguez acquired 1,500 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $79.72 per share, for a total transaction of $119,580.00. Following the transaction, the director now owns 4,192 shares of the company's stock, valued at approximately $334,186.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Globe Life Stock Performance

GL stock traded up $0.21 on Friday, reaching $75.75. 5,941,492 shares of the company were exchanged, compared to its average volume of 2,131,511. Globe Life Inc. has a 12 month low of $38.95 and a 12 month high of $132.00. The stock's fifty day moving average price is $106.65 and its 200 day moving average price is $115.29. The firm has a market capitalization of $7.12 billion, a PE ratio of 7.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.05 and a quick ratio of 0.05.

Globe Life (NYSE:GL - Get Free Report) last posted its quarterly earnings results on Monday, April 22nd. The company reported $2.78 earnings per share for the quarter, missing analysts' consensus estimates of $2.79 by ($0.01). Globe Life had a return on equity of 23.91% and a net margin of 18.07%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The firm's quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that Globe Life Inc. will post 11.68 EPS for the current fiscal year.

Globe Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. This is an increase from Globe Life's previous quarterly dividend of $0.23. Globe Life's payout ratio is currently 9.17%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI cut their price objective on shares of Globe Life from $125.00 to $75.00 and set an "in-line" rating on the stock in a research report on Friday, April 12th. Piper Sandler dropped their price target on shares of Globe Life from $130.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday. Truist Financial dropped their price target on shares of Globe Life from $125.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price target on shares of Globe Life from $132.00 to $108.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Globe Life from $133.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Globe Life currently has a consensus rating of "Moderate Buy" and an average price target of $114.33.

Institutional Investors Weigh In On Globe Life

Institutional investors have recently bought and sold shares of the business. CWM LLC lifted its position in Globe Life by 11.4% during the 3rd quarter. CWM LLC now owns 1,527 shares of the company's stock worth $166,000 after buying an additional 156 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Globe Life during the 3rd quarter worth about $625,000. Czech National Bank raised its holdings in Globe Life by 44.5% during the 3rd quarter. Czech National Bank now owns 15,197 shares of the company's stock worth $1,652,000 after purchasing an additional 4,677 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Globe Life by 1.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 37,304 shares of the company's stock worth $4,056,000 after purchasing an additional 476 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Globe Life by 7.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 48,958 shares of the company's stock worth $5,323,000 after purchasing an additional 3,543 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company's stock.

About Globe Life

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.