Globe Life Inc. (NYSE:GL) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,658 shares of the company's stock after purchasing an additional 9,728 shares during the period. Stifel Financial Corp owned approximately 0.30% of Globe Life worth $28,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc lifted its position 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 buying an additional 194 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Globe Life in the 4th quarter worth approximately $28,000. Albion Financial Group UT purchased a new position in shares of Globe Life during the 4th quarter worth approximately $28,000. Avalon Trust Co acquired a new stake in Globe Life in the 4th quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC raised its position in Globe Life by 32.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $41,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 81.61% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GL. Keefe, Bruyette & Woods raised their price target on Globe Life from $137.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on Globe Life from $141.00 to $140.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Globe Life from $136.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Morgan Stanley lowered their price objective on shares of Globe Life from $126.00 to $117.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, BMO Capital Markets began coverage on shares of Globe Life in a research note on Thursday, January 23rd. They set a "market perform" rating and a $114.00 target price on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $137.55.

Insider Buying and Selling at Globe Life

In related news, CEO Frank M. Svoboda sold 11,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $122.31, for a total value of $1,345,410.00. Following the completion of the sale, the chief executive officer now directly owns 18,948 shares of the company's stock, valued at $2,317,529.88. This represents a 36.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Matthew Darden sold 24,890 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 38,973 shares in the company, valued at $4,735,998.96. This represents a 38.97 % decrease in their position. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by insiders.

Globe Life Stock Up 0.5 %

Shares of GL traded up $0.60 during midday trading on Monday, reaching $123.56. The stock had a trading volume of 487,271 shares, compared to its average volume of 962,709. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 10.34 and a beta of 0.60. The company's fifty day simple moving average is $124.15 and its two-hundred day simple moving average is $116.40. Globe Life Inc. has a 1-year low of $71.50 and a 1-year high of $133.76. 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 (NYSE:GL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $3.14 earnings per share for the quarter, beating 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%. Equities research analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, July 3rd. Globe Life's dividend payout ratio (DPR) is 9.04%.

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.