Aigen Investment Management LP Invests $750,000 in Globe Life Inc. (NYSE:GL)

Aigen Investment Management LP acquired a new position in shares of Globe Life Inc. (NYSE:GL - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,080 shares of the company's stock, valued at approximately $750,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in Globe Life by 22.5% during the first quarter. Empowered Funds LLC now owns 7,327 shares of the company's stock worth $853,000 after buying an additional 1,346 shares in the last quarter. QRG Capital Management Inc. grew its position in Globe Life by 69.7% during the 1st quarter. QRG Capital Management Inc. now owns 2,867 shares of the company's stock worth $334,000 after purchasing an additional 1,178 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Globe Life by 2.3% in the first quarter. ProShare Advisors LLC now owns 18,096 shares of the company's stock valued at $2,106,000 after purchasing an additional 413 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Globe Life by 35.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 193,173 shares of the company's stock valued at $22,480,000 after buying an additional 50,409 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in Globe Life by 12.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 114,353 shares of the company's stock worth $12,581,000 after acquiring an additional 12,449 shares during the period. Institutional investors and hedge funds own 81.61% of the company's stock.

Globe Life Stock Down 1.2 %

Globe Life stock traded down $1.28 during midday trading on Thursday, reaching $108.79. The stock had a trading volume of 197,503 shares, compared to its average volume of 1,532,704. The stock has a market capitalization of $9.13 billion, a P/E ratio of 9.31 and a beta of 0.81. The firm's fifty day simple moving average is $106.75 and its 200-day simple moving average is $94.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life Inc. has a 1-year low of $38.95 and a 1-year high of $132.00.

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

Analysts Set New Price Targets

A number of research analysts recently commented on GL shares. Wells Fargo & Company boosted their price objective on shares of Globe Life from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. TD Cowen initiated coverage on Globe Life in a report on Wednesday, October 9th. They issued a "buy" rating and a $150.00 price objective on the stock. Morgan Stanley raised their price target on shares of Globe Life from $110.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price target on Globe Life from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Finally, Piper Sandler increased their price target on Globe Life from $118.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.50.

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.