Pensioenfonds Rail & OV Trims Stock Holdings in Globe Life Inc. (NYSE:GL)

Pensioenfonds Rail & OV decreased its stake in Globe Life Inc. (NYSE:GL) by 32.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,970 shares of the company’s stock after selling 133,866 shares during the quarter. Pensioenfonds Rail & OV’s holdings in Globe Life were worth $32,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama purchased a new stake in shares of Globe Life during the fourth quarter worth about $2,297,000. Quadrature Capital Ltd lifted its stake in shares of Globe Life by 69.2% in the 4th quarter. Quadrature Capital Ltd now owns 38,785 shares of the company’s stock valued at $4,724,000 after purchasing an additional 15,862 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Globe Life by 488.6% in the 4th quarter. Pacer Advisors Inc. now owns 33,620 shares of the company’s stock valued at $4,092,000 after purchasing an additional 27,908 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Globe Life by 5.2% in the 4th quarter. Arizona State Retirement System now owns 26,061 shares of the company’s stock valued at $3,172,000 after purchasing an additional 1,295 shares during the last quarter. Finally, AIA Group Ltd bought a new stake in shares of Globe Life in the 4th quarter valued at approximately $1,788,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Insider Activity at Globe Life

In related news, Director David A. Rodriguez purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of $79.72 per share, with a total value of $119,580.00. Following the completion of the acquisition, the director now owns 4,192 shares in the company, valued at $334,186.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Globe Life news, Director David A. Rodriguez acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average cost of $79.72 per share, for a total transaction of $119,580.00. Following the completion of the transaction, the director now owns 4,192 shares of the company’s stock, valued at approximately $334,186.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas Peter Kalmbach purchased 500 shares of the stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of $84.43 per share, with a total value of $42,215.00. Following the completion of the transaction, the chief financial officer now owns 18,080 shares of the company’s stock, valued at $1,526,494.40. The disclosure for this purchase can be found here. Insiders acquired a total of 6,500 shares of company stock worth $536,860 in the last 90 days. Corporate insiders own 1.51% of the company’s stock.

Globe Life Stock Down 0.4 %

Shares of NYSE:GL traded down $0.30 on Wednesday, reaching $83.21. The company had a trading volume of 674,971 shares, compared to its average volume of 2,114,535. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $132.00. The firm’s 50 day simple moving average is $80.67 and its 200-day simple moving average is $105.05. The firm has a market capitalization of $7.68 billion, a PE ratio of 7.85 and a beta of 0.81. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.32.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Monday, April 22nd. The company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). Globe Life had a return on equity of 23.01% and a net margin of 18.07%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $2.53 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts expect that Globe Life Inc. will post 11.72 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Friday, July 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.15%. Globe Life’s dividend payout ratio (DPR) is presently 9.17%.

Analyst Upgrades and Downgrades

GL has been the subject of several analyst reports. Raymond James reaffirmed a “strong-buy” rating on shares of Globe Life in a research note on Tuesday, May 21st. Wells Fargo & Company decreased their price target on Globe Life from $132.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. StockNews.com lowered Globe Life from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. Keefe, Bruyette & Woods upgraded Globe Life from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $130.00 to $110.00 in a report on Wednesday, April 24th. Finally, Truist Financial reduced their price objective on Globe Life from $125.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.56.

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.