Globe Life Inc. (NYSE:GL) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in Globe Life Inc. (NYSE:GL - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,510 shares of the company's stock after purchasing an additional 14,055 shares during the period. Van ECK Associates Corp owned 0.09% of Globe Life worth $8,086,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GL. State Street Corp lifted its stake in Globe Life by 3.4% in the third quarter. State Street Corp now owns 3,545,272 shares of the company's stock worth $375,480,000 after purchasing an additional 115,432 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Globe Life by 9.0% during the third quarter. Principal Financial Group Inc. now owns 105,315 shares of the company's stock valued at $11,154,000 after buying an additional 8,663 shares during the period. Merit Financial Group LLC purchased a new position in shares of Globe Life during the fourth quarter valued at about $487,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Globe Life by 85.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,779 shares of the company's stock valued at $2,095,000 after buying an additional 9,141 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Globe Life by 56.0% during the fourth quarter. Pacer Advisors Inc. now owns 10,199 shares of the company's stock worth $1,137,000 after acquiring an additional 3,662 shares in the last quarter. 81.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GL has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of Globe Life in a research note on Thursday, January 23rd. They set a "market perform" rating and a $114.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Globe Life from $126.00 to $141.00 and gave the company an "overweight" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of Globe Life from $137.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Jefferies Financial Group upped their target price on shares of Globe Life from $107.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Finally, Truist Financial increased their price objective on shares of Globe Life from $90.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.50.

Insider Buying and Selling at Globe Life

In other news, Director Mark A. Blinn sold 3,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.23, for a total value of $339,690.00. Following the completion of the sale, the director now owns 5,122 shares in the company, valued at approximately $579,964.06. This trade represents a 36.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank M. Svoboda sold 14,340 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $108.80, for a total transaction of $1,560,192.00. Following the completion of the sale, the chief executive officer now owns 16,396 shares of the company's stock, valued at $1,783,884.80. This trade represents a 46.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,678 shares of company stock worth $8,799,822 over the last 90 days. 1.51% of the stock is owned by insiders.

Globe Life Price Performance

GL stock traded up $0.22 during trading on Thursday, hitting $124.24. 523,623 shares of the company's stock traded hands, compared to its average volume of 583,137. Globe Life Inc. has a 52 week low of $38.95 and a 52 week high of $132.00. 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 business has a fifty day simple moving average of $115.80 and a 200 day simple moving average of $108.73. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 10.40 and a beta of 0.81.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $3.14 EPS for the quarter, beating the consensus estimate 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, research analysts expect that Globe Life Inc. will post 13.86 EPS for the current fiscal year.

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.