WINTON GROUP Ltd Purchases Shares of 53,542 Globe Life Inc. (NYSE:GL)

WINTON GROUP Ltd bought a new stake in Globe Life Inc. (NYSE:GL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 53,542 shares of the company’s stock, valued at approximately $5,971,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Globe Life by 388.0% during the fourth quarter. Versant Capital Management Inc now owns 244 shares of the company’s stock valued at $27,000 after buying an additional 194 shares during the last quarter. Albion Financial Group UT purchased a new position in shares of Globe Life in the 4th quarter worth about $28,000. Rakuten Securities Inc. bought a new position in Globe Life during the fourth quarter valued at about $28,000. Avalon Trust Co purchased a new stake in Globe Life during the fourth quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC grew 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 during the period. Institutional investors own 81.61% of the company’s stock.

Insider Buying and Selling at Globe Life

In related news, Director Mark A. Blinn sold 3,000 shares of Globe Life stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.23, for a total value of $339,690.00. Following the sale, the director now owns 5,122 shares of the company’s stock, valued at approximately $579,964.06. This trade represents a 36.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank M. Svoboda sold 13,448 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $112.56, for a total value of $1,513,706.88. Following the completion of the transaction, the chief executive officer now owns 18,948 shares in the company, valued at approximately $2,132,786.88. This trade represents a 41.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,338 shares of company stock worth $7,239,630. 1.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI raised shares of Globe Life from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $132.00 to $143.00 in a research report on Wednesday, January 8th. BMO Capital Markets started coverage on shares of Globe Life in a research note on Thursday, January 23rd. They set a “market perform” rating and a $114.00 price target on the stock. Keefe, Bruyette & Woods upped their price target on shares of Globe Life from $137.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley boosted their target price on Globe Life from $125.00 to $126.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on Globe Life from $126.00 to $141.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Five 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 data from MarketBeat, Globe Life presently has an average rating of “Moderate Buy” and a consensus price target of $135.60.

Globe Life Trading Up 0.5 %

GL opened at $130.60 on Thursday. The stock’s 50 day moving average price is $123.47 and its 200-day moving average price is $113.52. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 10.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00.

Globe Life (NYSE:GL) last released its quarterly earnings data on Wednesday, February 5th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.02. Globe Life had a return on equity of 22.32% and a net margin of 18.53%. On average, equities analysts forecast that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.27 per share. This is an increase from Globe Life’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, April 3rd. Globe Life’s 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.