53,542 Shares in Globe Life Inc. (NYSE:GL) Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Globe Life Inc. (NYSE:GL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,542 shares of the company’s stock, valued at approximately $5,971,000. WINTON GROUP Ltd owned about 0.06% of Globe Life at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GL. Versant Capital Management Inc boosted its position 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 worth $27,000 after purchasing an additional 194 shares in the last quarter. Albion Financial Group UT bought a new position in Globe Life during the fourth quarter worth about $28,000. Rakuten Securities Inc. acquired a new position in Globe Life in the fourth quarter valued at about $28,000. Avalon Trust Co acquired a new position in Globe Life in the fourth quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Globe Life by 32.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $41,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Performance

GL opened at $130.60 on Thursday. The firm has a market capitalization of $10.87 billion, a PE ratio of 10.93 and a beta of 0.77. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $132.00. The business’s 50-day simple moving average is $123.47 and its 200 day simple moving average is $113.52. 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 (NYSE:GL) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $3.14 EPS for the quarter, beating 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, sell-side analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Globe Life’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, April 3rd. Globe Life’s dividend payout ratio (DPR) is presently 9.04%.

Insider Transactions at Globe Life

In other news, CMO Jennifer Allison Haworth sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $112.91, for a total value of $1,016,190.00. Following the transaction, the chief marketing officer now owns 13,485 shares of the company’s stock, valued at approximately $1,522,591.35. This represents a 40.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank M. Svoboda sold 13,448 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 18,948 shares of the company’s stock, valued at $2,132,786.88. This trade represents a 41.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,338 shares of company stock worth $7,239,630. 1.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on GL. Morgan Stanley boosted their price objective on Globe Life from $125.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods increased their price objective on shares of Globe Life from $137.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of Globe Life in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $114.00 price objective on the stock. Jefferies Financial Group increased their target price on Globe Life from $107.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised Globe Life from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $132.00 to $143.00 in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.60.

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.