NYSE:GL - Free Report ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,192 shares of the company's stock, valued at approximately $1,119,000. Globe Life accounts for approximately 1.1% of US Asset Management LLC's investment portfolio, making the stock its 21st biggest holding.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GL. Vanguard Group Inc. grew its stake in shares of Globe Life by 1.7% during the third quarter. Vanguard Group Inc. now owns 10,881,775 shares of the company's stock worth $1,183,175,000 after purchasing an additional 181,824 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Globe Life by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 4,247,993 shares of the company's stock worth $461,884,000 after purchasing an additional 168,127 shares in the last quarter. Cooke & Bieler LP boosted its stake in Globe Life by 2.0% in the fourth quarter. Cooke & Bieler LP now owns 2,357,839 shares of the company's stock valued at $286,996,000 after acquiring an additional 45,227 shares in the last quarter. Invesco Ltd. boosted its stake in Globe Life by 3.7% in the third quarter. Invesco Ltd. now owns 1,901,013 shares of the company's stock valued at $206,697,000 after acquiring an additional 67,753 shares in the last quarter. Finally, Equity Investment Corp boosted its stake in Globe Life by 1.9% in the third quarter. Equity Investment Corp now owns 727,657 shares of the company's stock valued at $79,118,000 after acquiring an additional 13,876 shares in the last quarter. Hedge funds and other institutional investors own 81.61% of the company's stock.
Insider Activity at Globe Life In related news, Director David A. Rodriguez purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average price of $79.72 per share, with a total value of $119,580.00. Following the completion of the acquisition, the director now directly owns 4,192 shares in the company, valued at approximately $334,186.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . In other news, Director David A. Rodriguez bought 1,500 shares of the company's stock in a transaction dated Wednesday, April 24th. The stock was bought at an average price of $79.72 per share, for a total transaction of $119,580.00. Following the completion of the transaction, the director now directly owns 4,192 shares in the company, valued at approximately $334,186.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, EVP Rebecca E. Zorn sold 2,320 shares of the business's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $77.30, for a total value of $179,336.00. Following the sale, the executive vice president now owns 10,220 shares of the company's stock, valued at approximately $790,006. The disclosure for this sale can be found here . 1.51% of the stock is owned by corporate insiders.
Analysts Set New Price Targets GL has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Globe Life from $133.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods upgraded shares of Globe Life from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from $130.00 to $110.00 in a research note on Wednesday, April 24th. Truist Financial decreased their target price on shares of Globe Life from $125.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, April 24th. Piper Sandler decreased their target price on shares of Globe Life from $130.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, April 24th. Finally, StockNews.com downgraded shares of Globe Life from a "buy" rating to a "hold" rating in a research note on Saturday, April 20th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.33.
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Globe Life Stock Performance Globe Life stock traded down $0.38 during midday trading on Friday, reaching $86.50. 2,006,908 shares of the stock traded hands, compared to its average volume of 2,225,433. Globe Life Inc. has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 8.30 and a beta of 0.78. The firm has a fifty day moving average price of $98.46 and a two-hundred day moving average price of $113.28. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36.
Globe Life (NYSE:GL - Get Free Report ) last issued its quarterly earnings results on Monday, April 22nd. The company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.01). Globe Life had a net margin of 18.07% and a return on equity of 23.91%. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter last year, the company posted $2.53 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Globe Life Inc. will post 11.72 earnings per share for the current year.
Globe Life Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, July 3rd. Globe Life's payout ratio is presently 9.17%.
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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