Globe Life Inc. (NYSE:GL) Stock Holdings Decreased by Tweedy Browne Co LLC

Tweedy Browne Co LLC lowered its position in Globe Life Inc. (NYSE:GL - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,234 shares of the company's stock after selling 2,268 shares during the period. Globe Life makes up about 0.2% of Tweedy Browne Co LLC's investment portfolio, making the stock its 29th biggest position. Tweedy Browne Co LLC's holdings in Globe Life were worth $3,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of Globe Life by 388.0% in the fourth quarter. Versant Capital Management Inc now owns 244 shares of the company's stock valued at $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 during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. purchased a new stake in Globe Life in the 4th quarter valued at approximately $28,000. Avalon Trust Co purchased a new stake in Globe Life in the 4th quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Globe Life by 32.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $41,000 after buying an additional 90 shares during the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Globe Life

In related news, CMO Jennifer Allison Haworth sold 9,000 shares of the 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 owns 13,485 shares of the company's stock, valued at approximately $1,522,591.35. This represents a 40.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 3,000 shares of Globe Life stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.23, for a total value of $339,690.00. Following the sale, the director now owns 5,122 shares in the company, valued at $579,964.06. This represents a 36.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,338 shares of company stock valued at $7,239,630 over the last 90 days. 1.51% of the stock is owned by corporate insiders.

Globe Life Trading Down 8.0 %

Shares of GL stock traded down $10.21 on Friday, reaching $117.30. 1,263,316 shares of the stock were exchanged, compared to its average volume of 1,416,578. Globe Life Inc. has a 1-year low of $38.95 and a 1-year high of $133.76. The stock has a market cap of $9.76 billion, a P/E ratio of 9.82 and a beta of 0.60. 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 50 day moving average of $124.89 and a two-hundred day moving average of $114.76.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $3.14 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Globe Life's previous quarterly dividend of $0.24. Globe Life's dividend payout ratio is currently 9.04%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler upped their price objective on Globe Life from $140.00 to $152.00 and gave the company an "overweight" rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price target 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. BMO Capital Markets assumed coverage on shares of Globe Life in a report on Thursday, January 23rd. They set a "market perform" rating and a $114.00 price target for the company. Evercore ISI raised shares of 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 research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised their target price on shares of Globe Life from $126.00 to $141.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Globe Life has a consensus rating of "Moderate Buy" and an average target price of $138.45.

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.