Polar Capital Holdings Plc raised its position in shares of Globe Life Inc. (NYSE:GL - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,677 shares of the company's stock after acquiring an additional 35,121 shares during the quarter. Polar Capital Holdings Plc owned approximately 0.18% of Globe Life worth $16,580,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GL. Principal Financial Group Inc. boosted its position in shares of Globe Life by 9.0% in the 3rd quarter. Principal Financial Group Inc. now owns 105,315 shares of the company's stock worth $11,154,000 after purchasing an additional 8,663 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in shares of Globe Life in the 4th quarter worth approximately $217,000. Merit Financial Group LLC bought a new stake in shares of Globe Life in the 4th quarter worth approximately $487,000. HB Wealth Management LLC boosted its position in shares of Globe Life by 49.4% in the 4th quarter. HB Wealth Management LLC now owns 3,093 shares of the company's stock worth $345,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Polianta Ltd bought a new stake in shares of Globe Life in the 4th quarter worth approximately $1,249,000. 81.61% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on GL. Piper Sandler dropped their price target on Globe Life from $152.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets began coverage on shares of Globe Life in a report on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Globe Life from $136.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Morgan Stanley decreased 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 report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Globe Life from $137.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.00.
View Our Latest Stock Analysis on Globe Life
Globe Life Price Performance
Shares of GL opened at $120.73 on Friday. The firm has a market cap of $9.97 billion, a PE ratio of 10.10 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. The firm has a fifty day simple moving average of $123.26 and a two-hundred day simple moving average of $117.47. Globe Life Inc. has a 1-year low of $76.55 and a 1-year high of $133.76.
Globe Life (NYSE:GL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.24 by ($0.17). Globe Life had a net margin of 18.53% and a return on equity of 22.32%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $2.78 EPS. The company's revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.
Globe Life Announces Dividend
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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, July 3rd. Globe Life's dividend payout ratio is currently 8.79%.
Globe Life Profile
(
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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