82,560 Shares in Globe Life Inc. (NYSE:GL) Acquired by Bridgewater Associates LP

Bridgewater Associates LP bought a new position in Globe Life Inc. (NYSE:GL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 82,560 shares of the company's stock, valued at approximately $8,744,000. Bridgewater Associates LP owned 0.10% of Globe Life as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Riverview Trust Co bought a new position in Globe Life in the third quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. raised its holdings in Globe Life by 88.4% in the second 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. LRI Investments LLC boosted its holdings in shares of Globe Life by 898.4% in the 2nd quarter. LRI Investments LLC now owns 619 shares of the company's stock valued at $51,000 after buying an additional 557 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Globe Life in the 2nd quarter worth approximately $54,000. Finally, Blue Trust Inc. boosted its stake in Globe Life by 249.5% in the second quarter. Blue Trust Inc. now owns 776 shares of the company's stock valued at $64,000 after acquiring an additional 554 shares in the last quarter. 81.61% of the stock is currently owned by institutional investors.

Globe Life Stock Performance

Shares of NYSE GL traded down $0.36 during midday trading on Friday, reaching $111.34. 311,572 shares of the stock were exchanged, compared to its average volume of 1,486,703. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 9.41 and a beta of 0.81. The firm has a 50-day simple moving average of $108.05 and a two-hundred day simple moving average of $96.33. Globe Life Inc. has a twelve month low of $38.95 and a twelve month high of $132.00.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.06 by $0.43. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.46 billion. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. Globe Life's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 EPS. As a group, analysts anticipate that Globe Life Inc. will post 12.31 EPS for the current fiscal year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 8th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, January 6th. Globe Life's payout ratio is 8.12%.

Analyst Ratings Changes

Several brokerages recently issued reports on GL. Wells Fargo & Company upped their target price on Globe Life from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Globe Life from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Raymond James boosted their target price on shares of Globe Life from $160.00 to $188.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price objective on shares of Globe Life from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, TD Cowen started coverage on Globe Life in a research note on Wednesday, October 9th. They issued a "buy" rating and a $150.00 target price for the company. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.50.

About Globe Life

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.