Globe Life Inc. (NYSE:GL) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. grew its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,753 shares of the company's stock after purchasing an additional 3,618 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.13% of Globe Life worth $11,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GL. Private Trust Co. NA increased its holdings in shares of Globe Life by 12.5% during the 4th quarter. Private Trust Co. NA now owns 754 shares of the company's stock worth $84,000 after buying an additional 84 shares during the last quarter. HighPoint Advisor Group LLC boosted its position in Globe Life by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,271 shares of the company's stock valued at $276,000 after buying an additional 87 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Globe Life by 4.0% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 2,293 shares of the company's stock worth $256,000 after acquiring an additional 88 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Globe Life by 32.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $41,000 after acquiring an additional 90 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its stake in Globe Life by 2.4% during the 4th quarter. New Mexico Educational Retirement Board now owns 4,233 shares of the company's stock worth $472,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GL shares. Morgan Stanley reduced their target price on shares of Globe Life from $126.00 to $117.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company decreased their price objective on shares of Globe Life from $141.00 to $140.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. 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 target price on the stock. JPMorgan Chase & Co. lifted their price target on Globe Life from $136.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, Evercore ISI upgraded Globe Life from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $132.00 to $143.00 in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $137.55.

Insider Transactions at Globe Life

In related news, CEO James Matthew Darden sold 24,890 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $121.52, for a total transaction of $3,024,632.80. Following the sale, the chief executive officer now owns 38,973 shares of the company's stock, valued at approximately $4,735,998.96. The trade was a 38.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank M. Svoboda sold 11,000 shares of Globe Life stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $122.31, for a total transaction of $1,345,410.00. Following the sale, the chief executive officer now owns 18,948 shares of the company's stock, valued at approximately $2,317,529.88. The trade was a 36.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.51% of the company's stock.

Globe Life Stock Performance

Shares of NYSE GL traded down $0.96 during trading hours on Friday, reaching $122.96. The stock had a trading volume of 353,906 shares, compared to its average volume of 964,619. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 10.29 and a beta of 0.60. Globe Life Inc. has a fifty-two week low of $71.50 and a fifty-two week high of $133.76. The firm has a 50-day moving average of $124.15 and a 200-day moving average of $116.40. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50.

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

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 0.88%. Globe Life's payout ratio is currently 9.04%.

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.