Dimensional Fund Advisors LP Acquires 29,560 Shares of Globe Life Inc. (NYSE:GL)

Dimensional Fund Advisors LP boosted its stake in shares of Globe Life Inc. (NYSE:GL - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200,369 shares of the company's stock after purchasing an additional 29,560 shares during the quarter. Dimensional Fund Advisors LP owned 1.28% of Globe Life worth $146,109,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Globe Life by 1.7% in the third quarter. Vanguard Group Inc. now owns 10,881,775 shares of the company's stock valued at $1,183,175,000 after buying an additional 181,824 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Globe Life by 4.1% during the 3rd 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 increased its position in shares of Globe Life by 2.0% during the fourth quarter. Cooke & Bieler LP now owns 2,357,839 shares of the company's stock valued at $286,996,000 after purchasing an additional 45,227 shares during the period. Invesco Ltd. raised its stake in shares of 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 purchasing an additional 67,753 shares in the last quarter. Finally, Equity Investment Corp lifted its position in Globe Life by 1.9% in the third quarter. Equity Investment Corp now owns 727,657 shares of the company's stock worth $79,118,000 after purchasing an additional 13,876 shares during the period. 81.61% of the stock is owned by institutional investors.

Insider Buying and Selling at Globe Life

In other Globe Life news, EVP Rebecca E. Zorn sold 2,320 shares of Globe Life stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $77.30, for a total transaction of $179,336.00. Following the transaction, the executive vice president now directly owns 10,220 shares in the company, valued at $790,006. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Rebecca E. Zorn sold 2,320 shares of the firm's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $77.30, for a total transaction of $179,336.00. Following the sale, the executive vice president now directly owns 10,220 shares in the company, valued at $790,006. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Rodriguez acquired 1,500 shares of Globe Life stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average cost of $79.72 per share, with a total value of $119,580.00. Following the completion of the transaction, the director now directly owns 4,192 shares of the company's stock, valued at $334,186.24. The disclosure for this purchase can be found here. Insiders own 1.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GL. Evercore ISI dropped their price objective on shares of Globe Life from $125.00 to $75.00 and set an "in-line" rating for the company in a research note on Friday, April 12th. Truist Financial cut their price target 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. StockNews.com lowered Globe Life from a "buy" rating to a "hold" rating in a research note on Saturday, April 20th. JPMorgan Chase & Co. raised their target price on Globe Life from $133.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, Piper Sandler lowered their price target on Globe Life from $130.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.33.

Globe Life Trading Up 2.5 %

GL stock traded up $2.13 during midday trading on Friday, reaching $86.07. The company's stock had a trading volume of 2,300,674 shares, compared to its average volume of 3,538,817. The business's 50-day simple moving average is $93.67 and its 200-day simple moving average is $112.17. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.32. Globe Life Inc. has a 52 week low of $38.95 and a 52 week high of $132.00. The stock has a market cap of $7.94 billion, a PE ratio of 8.22 and a beta of 0.78.

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). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. Globe Life had a net margin of 18.07% and a return on equity of 23.01%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. As a group, sell-side analysts expect that Globe Life Inc. will post 11.72 EPS for the current year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, July 3rd. Globe Life's dividend payout ratio is currently 9.17%.

Globe Life Company 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.