Headlands Technologies LLC Has $400,000 Holdings in Globe Life Inc. (NYSE:GL)

Headlands Technologies LLC lifted its holdings in Globe Life Inc. (NYSE:GL) by 599.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,436 shares of the company’s stock after acquiring an additional 2,945 shares during the quarter. Headlands Technologies LLC’s holdings in Globe Life were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GL. Private Trust Co. NA boosted its holdings in shares of 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 acquiring an additional 162 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Globe Life in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new position in Globe Life during the 4th quarter worth $28,000. Lindbrook Capital LLC lifted its holdings in Globe Life by 62.2% during the 4th quarter. Lindbrook Capital LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 92 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Globe Life by 177.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 177 shares in the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Globe Life

In other Globe Life news, EVP Rebecca E. Zorn sold 2,320 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $77.30, for a total value of $179,336.00. Following the transaction, the executive vice president now directly owns 10,220 shares of the company’s stock, valued at approximately $790,006. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director David A. Rodriguez purchased 1,500 shares of the stock in a transaction on Wednesday, April 24th. The shares were purchased at an average cost of $79.72 per share, with a total value of $119,580.00. Following the acquisition, the director now directly owns 4,192 shares in the company, valued at $334,186.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Rebecca E. Zorn sold 2,320 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $77.30, for a total transaction of $179,336.00. Following the completion of the transaction, the executive vice president now directly owns 10,220 shares in the company, valued at $790,006. The disclosure for this sale can be found here. In the last ninety days, insiders bought 6,500 shares of company stock worth $536,860. Insiders own 1.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GL. Morgan Stanley upped their price objective on Globe Life from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Piper Sandler reduced their price objective on Globe Life from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Evercore ISI upped their price objective on Globe Life from $83.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, June 26th. Raymond James reaffirmed a “strong-buy” rating on shares of Globe Life in a report on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods raised Globe Life from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $130.00 to $110.00 in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.22.

Globe Life Stock Up 0.9 %

GL stock traded up $0.83 during trading hours on Wednesday, reaching $89.34. 24,019 shares of the stock were exchanged, compared to its average volume of 1,986,896. The firm’s 50-day moving average is $83.24 and its 200-day moving average is $100.94. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 8.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.05 and a quick ratio of 0.05. Globe Life Inc. has a 12 month low of $38.95 and a 12 month high of $132.00.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Monday, April 22nd. The company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). Globe Life had a return on equity of 23.01% and a net margin of 18.07%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Globe Life Inc. will post 11.75 earnings per share for the current year.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be paid a $0.24 dividend. The ex-dividend date is Friday, July 5th. This represents a $0.96 annualized dividend and a yield of 1.07%. Globe Life’s dividend payout ratio (DPR) is currently 9.17%.

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.