WINTON GROUP Ltd Acquires New Position in Globe Life Inc. (NYSE:GL)

WINTON GROUP Ltd bought a new position in Globe Life Inc. (NYSE:GL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 53,542 shares of the company's stock, valued at approximately $5,971,000. WINTON GROUP Ltd owned approximately 0.06% of Globe Life as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GL. Versant Capital Management Inc grew its holdings in Globe Life by 388.0% during the 4th quarter. Versant Capital Management Inc now owns 244 shares of the company's stock valued at $27,000 after buying an additional 194 shares in the last quarter. Albion Financial Group UT purchased a new position in shares of Globe Life in the fourth quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in shares of Globe Life in the fourth quarter valued at $28,000. Avalon Trust Co bought a new stake in Globe Life in the fourth quarter worth $41,000. Finally, EverSource Wealth Advisors LLC raised its stake in Globe Life by 32.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $41,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 81.61% of the company's stock.

Insider Transactions at Globe Life

In other news, CEO James Matthew Darden sold 24,890 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $121.52, for a total value of $3,024,632.80. Following the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank M. Svoboda sold 13,448 shares of Globe Life stock in a transaction on Monday, January 6th. The stock was sold at an average price of $112.56, for a total transaction of $1,513,706.88. Following the completion of the transaction, the chief executive officer now directly owns 18,948 shares in the company, valued at $2,132,786.88. This represents a 41.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,338 shares of company stock valued at $7,239,630. 1.51% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on GL. Evercore ISI raised shares of Globe Life from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $132.00 to $143.00 in a research note on Wednesday, January 8th. BMO Capital Markets started coverage on shares of Globe Life in a report on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 price target for the company. Wells Fargo & Company boosted their price objective on Globe Life from $126.00 to $141.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised their price objective on Globe Life from $107.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley lifted their target price on Globe Life from $125.00 to $126.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.60.

Globe Life Trading Up 0.9 %

Shares of GL stock traded up $1.20 on Monday, reaching $130.97. 99,582 shares of the company's stock were exchanged, compared to its average volume of 631,687. The company's fifty day simple moving average is $123.98 and its 200 day simple moving average is $114.00. Globe Life Inc. has a 52 week low of $38.95 and a 52 week high of $131.98. 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 stock has a market capitalization of $10.90 billion, a PE ratio of 10.96 and a beta of 0.77.

Globe Life (NYSE:GL - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $3.12 by $0.02. Globe Life had a return on equity of 22.32% and a net margin of 18.53%. As a group, analysts forecast that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 3rd will be paid a $0.27 dividend. This is an increase from Globe Life's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, April 3rd. Globe Life's dividend payout ratio is currently 9.04%.

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.