1,917 Shares in Globe Life Inc. (NYSE:GL) Purchased by Advisory Alpha LLC

Advisory Alpha LLC bought a new position in shares of Globe Life Inc. (NYSE:GL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,917 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in Globe Life by 388.0% in the 4th quarter. Versant Capital Management Inc now owns 244 shares of the company’s stock worth $27,000 after purchasing an additional 194 shares in the last quarter. Riverview Trust Co purchased a new stake in Globe Life in the 3rd quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. boosted its position in Globe Life by 88.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 599 shares of the company’s stock worth $50,000 after purchasing an additional 281 shares in the last quarter. True Wealth Design LLC purchased a new stake in Globe Life in the 3rd quarter worth approximately $59,000. Finally, Quarry LP boosted its position in Globe Life by 47.5% in the 2nd quarter. Quarry LP now owns 838 shares of the company’s stock worth $69,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 3,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.23, for a total transaction of $339,690.00. Following the completion of the sale, the director now directly owns 5,122 shares of the company’s stock, valued at approximately $579,964.06. This trade represents a 36.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Allison Haworth sold 9,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $112.91, for a total value of $1,016,190.00. Following the transaction, the chief marketing officer now owns 13,485 shares of the company’s stock, valued at $1,522,591.35. This trade represents a 40.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,788 shares of company stock valued at $4,429,779. 1.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on Globe Life from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Evercore ISI upgraded Globe Life from an “in-line” rating to an “outperform” rating and increased their target price for the company from $132.00 to $143.00 in a research report on Wednesday, January 8th. Morgan Stanley increased their target price on Globe Life from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. BMO Capital Markets began coverage on Globe Life in a research report on Thursday. They set a “market perform” rating and a $114.00 target price on the stock. Finally, Jefferies Financial Group increased their target price on Globe Life from $107.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Globe Life has an average rating of “Moderate Buy” and a consensus price target of $132.18.

Globe Life Stock Down 1.8 %

Shares of GL opened at $118.34 on Friday. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $132.00. The company has a market capitalization of $9.93 billion, a PE ratio of 10.01 and a beta of 0.80. The stock has a fifty day simple moving average of $110.67 and a two-hundred day simple moving average of $104.13. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.43. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $2.71 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Globe Life Inc. will post 12.32 EPS for the current year.

Globe Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Monday, January 6th. Globe Life’s payout ratio is 8.12%.

Globe Life 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.