Robert Edward Hensley Acquires 2,500 Shares of Globe Life Inc. (NYSE:GL) Stock

Globe Life Inc. (NYSE:GLGet Free Report) EVP Robert Edward Hensley acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $82.17 per share, with a total value of $205,425.00. Following the transaction, the executive vice president now directly owns 7,290 shares in the company, valued at approximately $599,019.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Globe Life Stock Up 1.8 %

Shares of NYSE:GL traded up $1.44 during midday trading on Tuesday, hitting $83.18. 452,600 shares of the stock were exchanged, compared to its average volume of 2,170,838. The business’s fifty day simple moving average is $89.33 and its two-hundred day simple moving average is $110.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $132.00. The company has a market capitalization of $7.68 billion, a PE ratio of 7.81 and a beta of 0.78.

Globe Life (NYSE:GLGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Globe Life had a return on equity of 23.01% and a net margin of 18.07%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $2.53 earnings per share. As a group, research analysts predict that Globe Life Inc. will post 11.72 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, July 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, July 3rd. Globe Life’s dividend payout ratio is 9.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GL shares. JPMorgan Chase & Co. boosted their target price on Globe Life from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Raymond James reaffirmed a “strong-buy” rating on shares of Globe Life in a research note on Tuesday, May 21st. Truist Financial cut their price target on shares of Globe Life from $125.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Keefe, Bruyette & Woods raised Globe Life from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $130.00 to $110.00 in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company dropped their price target on Globe Life from $132.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.33.

Read Our Latest Research Report on GL

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GL. Private Trust Co. NA lifted its holdings in Globe Life by 270.0% in the 4th quarter. Private Trust Co. NA now owns 222 shares of the company’s stock worth $27,000 after purchasing an additional 162 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Globe Life in the fourth quarter worth $27,000. BKM Wealth Management LLC bought a new stake in shares of Globe Life during the 4th quarter worth $28,000. Lindbrook Capital LLC grew its stake in Globe Life by 62.2% in the 4th quarter. Lindbrook Capital LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 92 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Globe Life by 177.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Globe Life (NYSE:GL)

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