Globe Life Inc. (NYSE:GL) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Globe Life Inc. (NYSE:GL) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,600 shares of the company’s stock after acquiring an additional 4,157 shares during the quarter. American Century Companies Inc.’s holdings in Globe Life were worth $5,067,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in GL. Sunbelt Securities Inc. acquired a new position in shares of Globe Life during the 1st quarter worth about $29,000. AM Squared Ltd acquired a new stake in shares of Globe Life in the 1st quarter valued at about $44,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Globe Life in the 3rd quarter valued at about $48,000. First Command Advisory Services Inc. acquired a new stake in shares of Globe Life in the 3rd quarter valued at about $61,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Globe Life in the 2nd quarter valued at about $62,000. 81.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Globe Life

In related news, CMO Jennifer Allison Haworth sold 2,524 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $121.37, for a total value of $306,337.88. Following the sale, the chief marketing officer now owns 8,606 shares in the company, valued at approximately $1,044,510.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.51% of the company’s stock.

Globe Life Stock Performance

Shares of GL stock opened at $116.60 on Thursday. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 11.57 and a beta of 0.70. The stock has a 50 day simple moving average of $122.89 and a 200-day simple moving average of $118.99. Globe Life Inc. has a 12-month low of $102.23 and a 12-month high of $132.00. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, February 7th. The company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.15. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Globe Life had a return on equity of 24.25% and a net margin of 17.82%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.24 EPS. On average, equities analysts forecast that Globe Life Inc. will post 11.57 EPS for the current year.

Globe Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Globe Life’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 4th. Globe Life’s dividend payout ratio is 8.93%.

Analyst Upgrades and Downgrades

GL has been the subject of a number of research analyst reports. Evercore ISI decreased their target price on Globe Life from $138.00 to $125.00 and set an “in-line” rating for the company in a research report on Thursday, March 14th. Truist Financial upped their target price on Globe Life from $115.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, February 9th. StockNews.com cut Globe Life from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Globe Life from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.00.

About Globe Life

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.