Janus Henderson Group PLC Buys 192 Shares of Globe Life Inc. (NYSE:GL)

Janus Henderson Group PLC boosted its position in Globe Life Inc. (NYSE:GL) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,263 shares of the company’s stock after acquiring an additional 192 shares during the period. Janus Henderson Group PLC’s holdings in Globe Life were worth $4,934,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GL. Principal Financial Group Inc. raised its stake in shares of Globe Life by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 105,315 shares of the company’s stock worth $11,154,000 after acquiring an additional 8,663 shares in the last quarter. Merit Financial Group LLC purchased a new position in Globe Life in the fourth quarter worth $487,000. HB Wealth Management LLC increased its position in shares of Globe Life by 49.4% during the fourth 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. Polianta Ltd purchased a new stake in shares of Globe Life during the 4th quarter valued at $1,249,000. Finally, Ballentine Partners LLC lifted its holdings in shares of Globe Life by 4.5% during the 4th quarter. Ballentine Partners LLC now owns 2,803 shares of the company’s stock valued at $313,000 after purchasing an additional 121 shares during the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GL has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on Globe Life in a research report on Thursday, January 23rd. They set a “market perform” rating and a $114.00 target price on the stock. StockNews.com upgraded Globe Life from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Globe Life from $136.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Morgan Stanley lowered their target price on shares of Globe Life from $126.00 to $117.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Finally, Piper Sandler dropped their target price on shares of Globe Life from $152.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.00.

Globe Life Price Performance

Shares of NYSE:GL opened at $121.87 on Monday. Globe Life Inc. has a twelve month low of $76.55 and a twelve month high of $133.76. 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 company has a market cap of $10.06 billion, a PE ratio of 10.20 and a beta of 0.56. The company’s 50 day moving average is $123.20 and its 200 day moving average is $117.73.

Globe Life (NYSE:GL) last released its quarterly earnings data on Wednesday, April 30th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.24 by ($0.17). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Globe Life had a return on equity of 22.32% and a net margin of 18.53%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 EPS. On average, sell-side analysts forecast that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.89%. Globe Life’s payout ratio is currently 8.79%.

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.