Globe Life Inc. (NYSE:GL) Holdings Raised by Spire Wealth Management

Spire Wealth Management boosted its position in Globe Life Inc. (NYSE:GL - Free Report) by 144.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,066 shares of the company's stock after buying an additional 2,404 shares during the period. Spire Wealth Management's holdings in Globe Life were worth $453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in 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 acquiring an additional 194 shares during the period. Albion Financial Group UT acquired a new stake in Globe Life in the fourth quarter valued at $28,000. Riverview Trust Co acquired a new stake in Globe Life in the third quarter valued at $32,000. True Wealth Design LLC acquired a new stake in Globe Life in the third quarter valued at $59,000. Finally, Private Trust Co. NA lifted its holdings in Globe Life by 67.5% in the third quarter. Private Trust Co. NA now owns 670 shares of the company's stock valued at $71,000 after acquiring an additional 270 shares during the period. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Globe Life

In related news, Director Mark A. Blinn sold 3,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.23, for a total transaction of $339,690.00. Following the completion of the transaction, the director now directly owns 5,122 shares in the company, valued at $579,964.06. This represents a 36.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank M. Svoboda sold 14,340 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $108.80, for a total value of $1,560,192.00. Following the transaction, the chief executive officer now owns 16,396 shares of the company's stock, valued at approximately $1,783,884.80. The trade was a 46.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,788 shares of company stock valued at $4,429,779 in the last three months. Corporate insiders own 1.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their target price on Globe Life from $107.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Piper Sandler lifted their price target on Globe Life from $118.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. BMO Capital Markets assumed coverage on Globe Life in a research note on Thursday, January 23rd. They set a "market perform" rating and a $114.00 price target for the company. Truist Financial lifted their price target on Globe Life from $90.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, Raymond James lifted their price target on Globe Life from $160.00 to $188.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.80.

Globe Life Trading Up 3.1 %

Shares of NYSE:GL traded up $3.66 during trading on Friday, reaching $123.63. 958,110 shares of the stock were exchanged, compared to its average volume of 510,240. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life Inc. has a 12-month low of $38.95 and a 12-month high of $132.00. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 10.35 and a beta of 0.81. The firm's 50-day moving average price is $113.19 and its 200 day moving average price is $106.99.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $3.14 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Globe Life Inc. will post 13.57 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, January 6th. Globe Life's payout ratio is 8.03%.

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.