15,955 Shares in Globe Life Inc. (NYSE:GL) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in Globe Life Inc. (NYSE:GL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,955 shares of the company’s stock, valued at approximately $1,779,000. Globe Life makes up approximately 0.5% of Bryce Point Capital LLC’s holdings, making the stock its 27th largest position.

A number of other large investors have also modified their holdings of the company. Private Trust Co. NA lifted its position in shares of Globe Life by 12.5% during the 4th quarter. Private Trust Co. NA now owns 754 shares of the company’s stock valued at $84,000 after buying an additional 84 shares in the last quarter. HighPoint Advisor Group LLC raised its position in Globe Life by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,271 shares of the company’s stock worth $276,000 after acquiring an additional 87 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in Globe Life by 4.0% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 2,293 shares of the company’s stock worth $256,000 after acquiring an additional 88 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Globe Life by 32.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $41,000 after purchasing an additional 90 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its position in shares of Globe Life by 2.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 4,233 shares of the company’s stock valued at $472,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.

Insiders Place Their Bets

In other Globe Life news, CEO Frank M. Svoboda sold 11,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $122.31, for a total transaction of $1,345,410.00. Following the completion of the transaction, the chief executive officer now owns 18,948 shares of the company’s stock, valued at $2,317,529.88. This trade represents a 36.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Blinn sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.23, for a total transaction of $339,690.00. Following the completion of the sale, the director now directly owns 5,122 shares in the company, valued at $579,964.06. This trade represents a 36.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,338 shares of company stock valued at $7,239,630 over the last quarter. 1.51% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on GL. Wells Fargo & Company upped their price target on shares of Globe Life from $126.00 to $141.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. BMO Capital Markets assumed coverage on Globe Life in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $114.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on Globe Life from $137.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Evercore ISI raised Globe Life from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $132.00 to $143.00 in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lifted their target price on shares of Globe Life from $107.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Five equities research 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 company’s stock. According to data from MarketBeat, Globe Life presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.60.

Globe Life Stock Up 0.3 %

NYSE GL opened at $132.07 on Wednesday. The business’s fifty day simple moving average is $124.49 and its 200-day simple moving average is $114.41. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50. The firm has a market cap of $10.99 billion, a PE ratio of 11.05 and a beta of 0.77. Globe Life Inc. has a 52 week low of $38.95 and a 52 week high of $133.31.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, February 5th. The company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 3rd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.82%. This is a positive change from Globe Life’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, April 3rd. Globe Life’s dividend payout ratio is presently 9.04%.

Globe Life Company Profile

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.