Globe Life Inc. (NYSE:GL) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. decreased its position in Globe Life Inc. (NYSE:GL) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,512 shares of the company’s stock after selling 186 shares during the quarter. Oakworth Capital Inc.’s holdings in Globe Life were worth $3,514,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GL. Nuance Investments LLC raised its holdings in Globe Life by 155.6% during the third quarter. Nuance Investments LLC now owns 1,138,978 shares of the company’s stock worth $120,629,000 after purchasing an additional 693,346 shares in the last quarter. Swedbank AB acquired a new stake in Globe Life during the fourth quarter worth approximately $52,414,000. International Assets Investment Management LLC raised its holdings in Globe Life by 15,398.7% during the third quarter. International Assets Investment Management LLC now owns 336,631 shares of the company’s stock worth $356,530,000 after purchasing an additional 334,459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Globe Life by 22.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,519,675 shares of the company’s stock worth $160,949,000 after purchasing an additional 277,108 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in shares of Globe Life by 78.5% during the third quarter. Segall Bryant & Hamill LLC now owns 290,515 shares of the company’s stock worth $30,768,000 after acquiring an additional 127,764 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Frank M. Svoboda sold 14,340 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $108.80, for a total value of $1,560,192.00. Following the sale, the chief executive officer now directly owns 16,396 shares in the company, valued at $1,783,884.80. The trade was a 46.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Jennifer Allison Haworth sold 9,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $112.91, for a total transaction of $1,016,190.00. Following the completion of the sale, the chief marketing officer now owns 13,485 shares in the company, valued at $1,522,591.35. This represents a 40.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,788 shares of company stock worth $4,429,779. Corporate insiders own 1.51% of the company’s stock.

Globe Life Price Performance

Shares of NYSE GL opened at $122.93 on Thursday. The firm has a market capitalization of $10.32 billion, a P/E ratio of 10.40 and a beta of 0.81. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00. The company’s fifty day moving average is $112.78 and its two-hundred day moving average is $106.53. 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 issued its earnings results on Wednesday, February 5th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $3.12 by $0.02. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. Analysts forecast that Globe Life Inc. will post 12.32 EPS for the current fiscal year.

Globe Life Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a dividend of $0.24 per share. The ex-dividend date was Monday, January 6th. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. Globe Life’s payout ratio is currently 8.12%.

Analyst Ratings Changes

GL has been the topic of a number of research reports. Piper Sandler raised their target price 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. Raymond James raised their target price on shares of Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods raised their target price on shares of Globe Life from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Truist Financial raised their target price on shares of Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their target price on shares of Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.18.

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.