Globe Life Inc. (NYSE:GL) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its holdings in shares of Globe Life Inc. (NYSE:GL - Free Report) by 56.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,753 shares of the company's stock after selling 4,821 shares during the period. GSA Capital Partners LLP's holdings in Globe Life were worth $397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Riverview Trust Co purchased a new position in shares of Globe Life during the 3rd quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. grew its holdings in Globe Life by 88.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 599 shares of the company's stock valued at $50,000 after buying an additional 281 shares during the last quarter. LRI Investments LLC increased its position in Globe Life by 898.4% during the 2nd quarter. LRI Investments LLC now owns 619 shares of the company's stock worth $51,000 after purchasing an additional 557 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Globe Life in the second quarter valued at approximately $54,000. Finally, Blue Trust Inc. boosted its holdings in shares of Globe Life by 249.5% during the second quarter. Blue Trust Inc. now owns 776 shares of the company's stock worth $64,000 after purchasing an additional 554 shares during the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GL has been the subject of several research analyst reports. Raymond James upped their price target 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. TD Cowen began coverage on Globe Life in a report on Wednesday, October 9th. They set a "buy" rating and a $150.00 price objective for the company. Morgan Stanley lifted their target price on Globe Life from $110.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their price target on Globe Life from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Finally, Piper Sandler raised their price objective on Globe Life from $118.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Globe Life presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.50.

Globe Life Stock Up 1.4 %

Shares of NYSE:GL traded up $1.49 during midday trading on Friday, reaching $110.48. The company had a trading volume of 579,692 shares, compared to its average volume of 1,505,822. The stock has a market capitalization of $9.27 billion, a P/E ratio of 9.35 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 one year low of $38.95 and a one year high of $132.00. The stock's fifty day moving average price is $107.65 and its 200-day moving average price is $95.65.

Globe Life (NYSE:GL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.06 by $0.43. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.71 EPS. Equities research analysts expect that Globe Life Inc. will post 12.31 earnings per share for the current fiscal year.

Globe Life Announces Dividend

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. The ex-dividend date is Monday, January 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.87%. Globe Life's dividend payout ratio (DPR) is presently 8.12%.

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.