Globe Life Inc. (NYSE:GL) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,050 shares of the company's stock after selling 4,111 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Globe Life worth $4,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vontobel Holding Ltd. increased its stake in Globe Life by 79.6% during the fourth quarter. Vontobel Holding Ltd. now owns 6,434 shares of the company's stock worth $718,000 after purchasing an additional 2,851 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Globe Life by 662.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 13,480 shares of the company's stock valued at $1,476,000 after purchasing an additional 11,713 shares in the last quarter. Consolidated Planning Corp purchased a new stake in Globe Life during the 4th quarter worth approximately $296,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Globe Life during the 4th quarter worth approximately $903,000. Finally, Van ECK Associates Corp boosted its position in Globe Life by 24.0% in the 4th quarter. Van ECK Associates Corp now owns 72,510 shares of the company's stock valued at $8,086,000 after buying an additional 14,055 shares during the period. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO James Matthew Darden sold 24,890 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 38,973 shares in the company, valued at approximately $4,735,998.96. This trade represents a 38.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frank M. Svoboda sold 14,340 shares of Globe Life stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $108.80, for a total transaction of $1,560,192.00. Following the transaction, the chief executive officer now owns 16,396 shares in the company, valued at $1,783,884.80. The trade was a 46.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,678 shares of company stock worth $8,799,822. 1.51% of the stock is owned by insiders.

Globe Life Price Performance

GL traded down $1.75 during midday trading on Friday, reaching $122.52. 626,701 shares of the company's stock were exchanged, compared to its average volume of 584,418. The business's 50-day moving average price is $116.53 and its 200 day moving average price is $109.07. The stock has a market capitalization of $10.28 billion, a PE ratio of 10.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.05 and a quick 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 issued its quarterly earnings data on Wednesday, February 5th. The company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GL has been the subject of several recent research reports. Piper Sandler lifted their price objective on Globe Life from $118.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Truist Financial increased their price objective on shares of Globe Life from $90.00 to $105.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on shares of Globe Life from $137.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Jefferies Financial Group raised their price target 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, BMO Capital Markets initiated coverage on Globe Life in a report on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $135.50.

Globe Life Company 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.