Globe Life Inc. (NYSE:GL) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its position in shares of Globe Life Inc. (NYSE:GL) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,048 shares of the company’s stock after buying an additional 1,595 shares during the period. Hantz Financial Services Inc.’s holdings in Globe Life were worth $1,276,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GL. D. E. Shaw & Co. Inc. lifted its holdings in shares of Globe Life by 398.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,074,628 shares of the company’s stock valued at $88,420,000 after acquiring an additional 859,146 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Globe Life by 104.3% during the second quarter. Bank of New York Mellon Corp now owns 1,611,294 shares of the company’s stock worth $132,577,000 after purchasing an additional 822,638 shares in the last quarter. Millennium Management LLC boosted its position in shares of Globe Life by 177.0% in the second quarter. Millennium Management LLC now owns 1,279,818 shares of the company’s stock worth $105,303,000 after buying an additional 817,760 shares during the period. Nuance Investments LLC grew its stake in shares of Globe Life by 155.6% in the third quarter. Nuance Investments LLC now owns 1,138,978 shares of the company’s stock valued at $120,629,000 after buying an additional 693,346 shares in the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Globe Life by 146.3% in the second quarter. Pzena Investment Management LLC now owns 930,378 shares of the company’s stock valued at $76,552,000 after buying an additional 552,634 shares in the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Globe Life Price Performance

Shares of NYSE:GL opened at $111.24 on Monday. The company has a market cap of $9.34 billion, a PE ratio of 9.41 and a beta of 0.81. Globe Life Inc. has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. The firm has a 50-day simple moving average of $108.15 and a 200 day simple moving average of $96.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.06 by $0.43. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.71 earnings per share. On average, sell-side analysts anticipate that Globe Life Inc. will post 12.31 EPS for the current year.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 8th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Monday, January 6th. Globe Life’s payout ratio is 8.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GL shares. Raymond James lifted their price objective on shares of Globe Life from $160.00 to $188.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of Globe Life from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley upped their price objective on shares of Globe Life from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Piper Sandler lifted their target price on Globe Life from $118.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price target on Globe Life from $90.00 to $105.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Globe Life currently has a consensus rating of “Moderate Buy” and an average 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.