Schroder Investment Management Group Makes New Investment in Globe Life Inc. (NYSE:GL)

Schroder Investment Management Group purchased a new position in shares of Globe Life Inc. (NYSE:GL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 91,008 shares of the company's stock, valued at approximately $10,006,000. Schroder Investment Management Group owned 0.11% of Globe Life at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in Globe Life by 4.0% in the third quarter. Thrivent Financial for Lutherans now owns 3,524 shares of the company's stock valued at $373,000 after buying an additional 136 shares during the period. Townsquare Capital LLC increased its stake in shares of Globe Life by 7.6% in the 3rd quarter. Townsquare Capital LLC now owns 3,598 shares of the company's stock valued at $381,000 after acquiring an additional 253 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Globe Life by 9.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 15,675 shares of the company's stock valued at $1,660,000 after acquiring an additional 1,400 shares during the period. Chevy Chase Trust Holdings LLC boosted its stake in Globe Life by 5.1% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 48,161 shares of the company's stock worth $5,101,000 after acquiring an additional 2,318 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Globe Life during the third quarter valued at approximately $376,000. 81.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on GL. Jefferies Financial Group increased their target price on shares of Globe Life from $107.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Evercore ISI raised Globe Life from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $132.00 to $143.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on Globe Life from $126.00 to $141.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price target on Globe Life from $125.00 to $126.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, 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 target price on the stock. Five 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.45.

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Insiders Place Their Bets

In related news, CEO Frank M. Svoboda sold 11,000 shares of Globe Life stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Matthew Darden sold 24,890 shares of the 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 completion of the transaction, the chief executive officer now directly owns 38,973 shares in the company, valued at approximately $4,735,998.96. This represents a 38.97 % 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 Up 8.3 %

Shares of NYSE GL traded up $9.38 during mid-day trading on Wednesday, hitting $122.67. The company had a trading volume of 1,146,085 shares, compared to its average volume of 1,412,045. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $124.44 and a two-hundred day simple moving average of $115.07. The company has a market capitalization of $10.21 billion, a PE ratio of 10.27 and a beta of 0.60. Globe Life Inc. has a one year low of $38.95 and a one year high of $133.76.

Globe Life (NYSE:GL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 22.32% and a net margin of 18.53%. On average, equities analysts expect that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 3rd will be paid a $0.27 dividend. This is an increase from Globe Life's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, April 3rd. Globe Life's dividend payout ratio (DPR) is 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.