Farther Finance Advisors LLC Purchases 166 Shares of Globe Life Inc. (NYSE:GL)

Farther Finance Advisors LLC increased its position in Globe Life Inc. (NYSE:GL) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,607 shares of the company’s stock after buying an additional 166 shares during the quarter. Farther Finance Advisors LLC’s holdings in Globe Life were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its position in shares of Globe Life by 398.7% in 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 buying an additional 859,146 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Globe Life by 104.3% in the second quarter. Bank of New York Mellon Corp now owns 1,611,294 shares of the company’s stock valued at $132,577,000 after acquiring an additional 822,638 shares during the last quarter. Millennium Management LLC increased its position in Globe Life by 177.0% during the 2nd quarter. Millennium Management LLC now owns 1,279,818 shares of the company’s stock valued at $105,303,000 after purchasing an additional 817,760 shares during the period. Pzena Investment Management LLC raised its holdings in Globe Life by 146.3% during the 2nd quarter. Pzena Investment Management LLC now owns 930,378 shares of the company’s stock worth $76,552,000 after purchasing an additional 552,634 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Globe Life by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 11,255,091 shares of the company’s stock worth $1,309,755,000 after purchasing an additional 425,993 shares during the period. Institutional investors own 81.61% of the company’s stock.

Globe Life Stock Performance

NYSE GL opened at $108.60 on Friday. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $132.00. The company has a fifty day moving average of $106.39 and a 200-day moving average of $93.14. The company has a market capitalization of $9.75 billion, a P/E ratio of 9.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.05 and a current ratio of 0.05.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.43. Globe Life had a net margin of 19.04% and a return on equity of 22.58%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $2.71 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Globe Life Inc. will post 12.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on GL. Wells Fargo & Company upped their price target on shares of Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Piper Sandler upped their target price on Globe Life from $118.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Raymond James increased their price target on Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 15th. Finally, TD Cowen started coverage on shares of Globe Life in a research note on Wednesday, October 9th. They issued a “buy” rating and a $150.00 price objective for the company. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

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.