XTX Topco Ltd Has $1.38 Million Position in Globe Life Inc. (NYSE:GL)

XTX Topco Ltd cut its stake in Globe Life Inc. (NYSE:GL - Free Report) by 36.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,031 shares of the company's stock after selling 7,609 shares during the period. XTX Topco Ltd's holdings in Globe Life were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC lifted its holdings in shares of Globe Life by 951.5% in the second quarter. Savant Capital LLC now owns 75,214 shares of the company's stock valued at $6,189,000 after purchasing an additional 68,061 shares in the last quarter. Achmea Investment Management B.V. boosted its position in Globe Life by 151.4% during the 2nd quarter. Achmea Investment Management B.V. now owns 29,684 shares of the company's stock worth $2,443,000 after acquiring an additional 17,878 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Globe Life during the 2nd quarter worth approximately $15,483,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Globe Life by 85.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,779 shares of the company's stock worth $2,095,000 after acquiring an additional 9,141 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Globe Life in the second quarter valued at approximately $4,018,000. 81.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Globe Life

In other news, CEO Frank M. Svoboda sold 14,340 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $108.80, for a total value of $1,560,192.00. Following the sale, the chief executive officer now directly owns 16,396 shares in the company, valued at approximately $1,783,884.80. This trade represents a 46.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.51% of the company's stock.

Globe Life Stock Performance

GL stock traded down $0.58 during midday trading on Monday, reaching $104.18. 1,096,420 shares of the company were exchanged, compared to its average volume of 1,473,651. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 8.86 and a beta of 0.81. The business has a 50-day moving average price of $108.13 and a two-hundred day moving average price of $97.41. 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 announced its earnings results on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.06 by $0.43. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. Globe Life's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 EPS. Equities research analysts forecast that Globe Life Inc. will post 12.31 EPS for the current year.

Globe Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.92%. Globe Life's payout ratio is presently 8.12%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Globe Life from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Wells Fargo & Company raised their price objective on Globe Life from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Raymond James upped their target price on Globe Life from $160.00 to $188.00 and gave the stock a "strong-buy" rating in a report on Tuesday, October 15th. TD Cowen began coverage on Globe Life in a research note on Wednesday, October 9th. They issued a "buy" rating and a $150.00 price target for the company. Finally, Morgan Stanley boosted their price target on Globe Life from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $124.50.

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.