Janus Henderson Group PLC Has $4.67 Million Position in Globe Life Inc. (NYSE:GL)

Janus Henderson Group PLC cut its holdings in shares of Globe Life Inc. (NYSE:GL) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,071 shares of the company’s stock after selling 6,601 shares during the period. Janus Henderson Group PLC owned about 0.05% of Globe Life worth $4,668,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in shares of Globe Life by 7.7% during the third quarter. UMB Bank n.a. now owns 1,357 shares of the company’s stock worth $144,000 after acquiring an additional 97 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Globe Life by 4.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,524 shares of the company’s stock worth $373,000 after purchasing an additional 136 shares during the last quarter. Fiduciary Trust Co lifted its position in shares of Globe Life by 2.3% in the 3rd quarter. Fiduciary Trust Co now owns 6,329 shares of the company’s stock worth $670,000 after purchasing an additional 144 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Globe Life by 4.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,607 shares of the company’s stock valued at $382,000 after purchasing an additional 166 shares during the last quarter. Finally, TrueWealth Advisors LLC lifted its holdings in Globe Life by 1.3% in the third quarter. TrueWealth Advisors LLC now owns 13,141 shares of the company’s stock valued at $1,392,000 after buying an additional 170 shares during the period. 81.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

GL has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler raised their price objective on shares of Globe Life from $118.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. TD Cowen started coverage on shares of Globe Life in a research report on Wednesday, October 9th. They set a “buy” rating and a $150.00 target price on the stock. Finally, Raymond James raised their price target on shares of Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and a consensus target price of $127.10.

Insiders Place Their Bets

In other Globe Life news, CEO Frank M. Svoboda sold 14,340 shares of Globe Life stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $108.80, for a total transaction of $1,560,192.00. Following the transaction, the chief executive officer now owns 16,396 shares of the company’s stock, valued at $1,783,884.80. This trade represents a 46.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.51% of the company’s stock.

Globe Life Trading Down 0.6 %

NYSE:GL opened at $103.60 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.05 and a quick ratio of 0.05. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00. The company has a market cap of $8.70 billion, a PE ratio of 8.76 and a beta of 0.81. The firm has a 50-day moving average of $108.09 and a 200-day moving average of $97.73.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.43. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company posted $2.71 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Globe Life Inc. will post 12.31 EPS for the current fiscal year.

Globe Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, January 6th. Globe Life’s dividend payout ratio (DPR) is presently 8.12%.

Globe Life 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.