Asset Management One Co. Ltd. Acquires 11,713 Shares of Globe Life Inc. (NYSE:GL)

Asset Management One Co. Ltd. increased its stake in shares of Globe Life Inc. (NYSE:GL - Free Report) by 662.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,480 shares of the company's stock after purchasing an additional 11,713 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Globe Life were worth $1,476,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Globe Life by 388.0% during 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. Albion Financial Group UT acquired a new position in shares of Globe Life in the 4th quarter valued at about $28,000. True Wealth Design LLC acquired a new position in shares of Globe Life in the 3rd quarter valued at about $59,000. Private Trust Co. NA lifted its position in Globe Life by 67.5% during the 3rd quarter. Private Trust Co. NA now owns 670 shares of the company's stock worth $71,000 after acquiring an additional 270 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Globe Life during the 3rd quarter worth approximately $73,000. 81.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Globe Life

In related news, Director Mark A. Blinn sold 3,000 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 5,122 shares of the company's stock, valued at $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 is available at this hyperlink. Also, CMO Jennifer Allison Haworth sold 9,000 shares of Globe Life stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $112.91, for a total value of $1,016,190.00. Following the completion of the transaction, the chief marketing officer now directly owns 13,485 shares of the company's stock, valued at approximately $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. Insiders sold a total of 75,678 shares of company stock worth $8,799,822 over the last quarter. Company insiders own 1.51% of the company's stock.

Globe Life Trading Down 1.4 %

GL stock traded down $1.75 during midday trading on Friday, hitting $122.52. 626,701 shares of the company's stock were exchanged, compared to its average volume of 584,418. The stock's fifty day moving average price is $116.19 and its 200-day moving average price is $108.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market cap of $10.28 billion, a PE ratio of 10.25 and a beta of 0.81. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00.

Globe Life (NYSE:GL - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $3.14 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GL has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on Globe Life from $137.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Truist Financial upped their price objective on Globe Life from $90.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. BMO Capital Markets started coverage on Globe Life in a research note on Thursday, January 23rd. They set a "market perform" rating and a $114.00 price objective for the company. Jefferies Financial Group boosted their price target on Globe Life from $107.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Finally, Evercore ISI upgraded Globe Life from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $132.00 to $143.00 in a report on Wednesday, January 8th. Five investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $135.50.

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.