Susquehanna Fundamental Investments LLC Purchases Shares of 10,711 Globe Life Inc. (NYSE:GL)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Globe Life Inc. (NYSE:GL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,711 shares of the company's stock, valued at approximately $1,194,000.

A number of other hedge funds have also recently bought and sold shares of GL. Wellington Management Group LLP increased its position in shares of Globe Life by 6.8% during the fourth quarter. Wellington Management Group LLP now owns 5,117,122 shares of the company's stock valued at $570,661,000 after acquiring an additional 326,307 shares during the last quarter. Invesco Ltd. increased its position in shares of Globe Life by 6.0% during the 4th quarter. Invesco Ltd. now owns 3,932,637 shares of the company's stock valued at $438,568,000 after purchasing an additional 223,282 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Globe Life by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,734 shares of the company's stock worth $177,615,000 after purchasing an additional 118,054 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Globe Life by 2.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,284,322 shares of the company's stock worth $143,228,000 after buying an additional 36,051 shares during the last quarter. Finally, Nuance Investments LLC grew its position in Globe Life by 8.3% during the fourth quarter. Nuance Investments LLC now owns 1,234,069 shares of the company's stock valued at $137,623,000 after buying an additional 95,091 shares during the period. 81.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO James Matthew Darden sold 24,890 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were 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 owns 38,973 shares in the company, valued at approximately $4,735,998.96. This trade represents a 38.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frank M. Svoboda sold 11,000 shares of Globe Life stock in a transaction on 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 sale, the chief executive officer now directly owns 18,948 shares of the company's stock, valued at $2,317,529.88. This represents a 36.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by company insiders.

Globe Life Price Performance

NYSE GL traded down $0.31 during trading hours on Monday, hitting $121.52. The company had a trading volume of 524,391 shares, compared to its average volume of 917,473. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 10.17 and a beta of 0.56. Globe Life Inc. has a 52 week low of $76.55 and a 52 week high of $133.76. The firm has a 50 day simple moving average of $124.02 and a 200 day simple moving average of $116.84.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.24 by ($0.17). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Globe Life had a net margin of 18.53% and a return on equity of 22.32%. Globe Life's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.78 earnings per share. Equities research analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 3rd will be issued a $0.27 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.89%. Globe Life's payout ratio is currently 8.79%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Globe Life from $136.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on Globe Life from $137.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Piper Sandler decreased their target price on Globe Life from $152.00 to $147.00 and set an "overweight" rating for the company in a research report on Friday. Evercore ISI upgraded 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 research note on Wednesday, January 8th. Finally, BMO Capital Markets initiated coverage on Globe Life in a research note on Thursday, January 23rd. They set a "market perform" rating and a $114.00 price target for the company. Four equities research 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 data from MarketBeat.com, Globe Life currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.09.

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.