59,626 Shares in Globe Life Inc. (NYSE:GL) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in Globe Life Inc. (NYSE:GL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 59,626 shares of the company's stock, valued at approximately $6,649,000. Los Angeles Capital Management LLC owned 0.07% of Globe Life 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 the stock. Private Advisor Group LLC bought a new stake in shares of Globe Life in the 3rd quarter valued at about $262,000. Louisiana State Employees Retirement System increased its stake in Globe Life by 6.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 5,100 shares of the company's stock valued at $540,000 after purchasing an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Globe Life by 74.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,441 shares of the company's stock valued at $672,000 after purchasing an additional 2,758 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Globe Life by 85.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,779 shares of the company's stock worth $2,095,000 after acquiring an additional 9,141 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Globe Life by 19.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 141,543 shares of the company's stock worth $14,610,000 after acquiring an additional 23,148 shares during the period. Institutional investors own 81.61% of the company's stock.

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Insider Buying and Selling at Globe Life

In other Globe Life news, CEO James Matthew Darden sold 24,890 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $121.52, for a total value of $3,024,632.80. Following the sale, the chief executive officer now directly owns 38,973 shares of the company's stock, valued at approximately $4,735,998.96. This trade represents a 38.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank M. Svoboda sold 11,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $122.31, for a total value of $1,345,410.00. Following the sale, the chief executive officer now directly owns 18,948 shares of the company's stock, valued at approximately $2,317,529.88. This trade represents a 36.73 % 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 valued at $8,799,822. Insiders own 1.51% of the company's stock.

Globe Life Stock Performance

NYSE GL traded up $3.51 during trading on Friday, reaching $127.69. The company's stock had a trading volume of 1,006,472 shares, compared to its average volume of 595,635. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 10.68 and a beta of 0.81. Globe Life Inc. has a twelve month low of $38.95 and a twelve month high of $129.05. The business's fifty day moving average price is $118.29 and its 200-day moving average price is $110.35.

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

Globe Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.27 per share. This is a positive change from Globe Life's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, April 3rd. Globe Life's dividend payout ratio is presently 9.04%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI raised shares of 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. Morgan Stanley upped their target price on shares of Globe Life from $125.00 to $126.00 and gave the company an "equal weight" rating in a research report on Friday. Keefe, Bruyette & Woods upped their price target on 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 began coverage on Globe Life in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $114.00 price objective on the stock. Finally, Wells Fargo & Company raised their price target on Globe Life from $126.00 to $141.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Five research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $135.60.

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.