Oak Thistle LLC Reduces Stock Holdings in Globe Life Inc. (NYSE:GL)

Oak Thistle LLC lowered its holdings in shares of Globe Life Inc. (NYSE:GL - Free Report) by 68.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,987 shares of the company's stock after selling 6,380 shares during the period. Oak Thistle LLC's holdings in Globe Life were worth $333,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GL. State Street Corp grew its holdings in Globe Life by 3.4% during the 3rd quarter. State Street Corp now owns 3,545,272 shares of the company's stock worth $375,480,000 after acquiring an additional 115,432 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Globe Life by 3.5% in the third quarter. Geode Capital Management LLC now owns 2,618,764 shares of the company's stock worth $276,994,000 after purchasing an additional 89,299 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Globe Life by 22.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,519,675 shares of the company's stock worth $160,949,000 after purchasing an additional 277,108 shares during the last quarter. Millennium Management LLC lifted its holdings in Globe Life by 177.0% during the 2nd quarter. Millennium Management LLC now owns 1,279,818 shares of the company's stock worth $105,303,000 after buying an additional 817,760 shares during the period. Finally, Nuance Investments LLC grew its position in shares of Globe Life by 155.6% in the 3rd quarter. Nuance Investments LLC now owns 1,138,978 shares of the company's stock valued at $120,629,000 after buying an additional 693,346 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Frank M. Svoboda sold 13,448 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $112.56, for a total value of $1,513,706.88. Following the transaction, the chief executive officer now owns 18,948 shares of the company's stock, valued at $2,132,786.88. This represents a 41.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 3,000 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.23, for a total value of $339,690.00. Following the completion of the transaction, the director now owns 5,122 shares of the company's stock, valued at $579,964.06. The trade was a 36.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,788 shares of company stock valued at $4,429,779 over the last ninety days. 1.51% of the stock is currently owned by insiders.

Globe Life Stock Up 1.0 %

GL stock traded up $1.23 during trading on Friday, reaching $118.47. The stock had a trading volume of 418,802 shares, compared to its average volume of 687,880. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00. The company's 50 day moving average is $109.90 and its two-hundred day moving average is $103.11. 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 company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 10.02 and a beta of 0.80.

Globe Life (NYSE:GL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.06 by $0.43. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 EPS. Equities research analysts forecast that Globe Life Inc. will post 12.32 EPS for the current year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, January 6th. Globe Life's dividend payout ratio (DPR) is 8.12%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Globe Life from $107.00 to $114.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. TD Cowen initiated coverage on shares of Globe Life in a research note on Wednesday, October 9th. They set a "buy" rating and a $150.00 target price for the company. Morgan Stanley upped their price target on shares of Globe Life from $110.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Evercore ISI raised Globe Life from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $132.00 to $143.00 in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upped their target price on Globe Life from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.00.

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.