Globe Life Inc. (NYSE:GL) Shares Purchased by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. increased its position in shares of Globe Life Inc. (NYSE:GL) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 37,229 shares of the company’s stock after acquiring an additional 386 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Globe Life were worth $3,315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Globe Life by 18.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,069 shares of the company’s stock worth $3,478,000 after buying an additional 6,153 shares during the period. Sentry Investment Management LLC boosted its stake in Globe Life by 966.7% during the third quarter. Sentry Investment Management LLC now owns 800 shares of the company’s stock worth $71,000 after buying an additional 725 shares during the period. Treasurer of the State of North Carolina boosted its stake in Globe Life by 2.1% during the third quarter. Treasurer of the State of North Carolina now owns 36,065 shares of the company’s stock worth $3,211,000 after buying an additional 759 shares during the period. Van ECK Associates Corp boosted its stake in Globe Life by 9.4% during the third quarter. Van ECK Associates Corp now owns 8,545 shares of the company’s stock worth $761,000 after buying an additional 733 shares during the period. Finally, US Asset Management LLC purchased a new position in Globe Life during the third quarter worth about $839,000. Hedge funds and other institutional investors own 74.10% of the company’s stock.

In other news, CMO Jennifer Allison Haworth sold 7,300 shares of Globe Life stock in a transaction on Monday, December 20th. The shares were sold at an average price of $85.68, for a total value of $625,464.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven John Dichiaro sold 873 shares of Globe Life stock in a transaction on Monday, December 6th. The shares were sold at an average price of $91.05, for a total transaction of $79,486.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,492 shares of company stock worth $1,011,977. 4.30% of the stock is owned by corporate insiders.

GL stock opened at $105.97 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.18. Globe Life Inc. has a twelve month low of $85.25 and a twelve month high of $108.22. The company’s 50 day moving average is $93.70 and its two-hundred day moving average is $93.56. The stock has a market cap of $10.70 billion, a P/E ratio of 14.34 and a beta of 1.12.

Globe Life (NYSE:GL) last released its quarterly earnings data on Tuesday, October 19th. The company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.11). Globe Life had a return on equity of 8.50% and a net margin of 15.29%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $1.75 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, January 7th will be issued a dividend of $0.198 per share. The ex-dividend date is Thursday, January 6th. This represents a $0.79 dividend on an annualized basis and a yield of 0.75%. This is a boost from Globe Life’s previous quarterly dividend of $0.20. Globe Life’s dividend payout ratio (DPR) is presently 10.69%.

GL has been the subject of several recent research reports. Credit Suisse Group lowered their price objective on shares of Globe Life from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, October 19th. Morgan Stanley raised their price objective on shares of Globe Life from $103.00 to $105.00 and gave the company an “underweight” rating in a research note on Friday, January 7th. Piper Sandler raised shares of Globe Life from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $105.00 to $117.00 in a research note on Wednesday. Finally, Zacks Investment Research cut shares of Globe Life from a “hold” rating to a “sell” rating in a report on Friday, January 7th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Globe Life presently has a consensus rating of “Hold” and a consensus target price of $112.00.

Globe Life Company Profile

Globe Life, Inc is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances.

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Institutional Ownership by Quarter for Globe Life (NYSE:GL)

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