1 week Ago By ABMN Staff
JPMorgan Chase & Co. reduced its stake in Globe Life Inc. ( NYSE:GL – Free Report ) by 1.
3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,013 shares of the company’s stock after selling 2,288 shares during the period. JPMorgan Chase & Co.
owned approximately 0.20% of Globe Life worth $18,737,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently modified their holdings of the company.
Versant Capital Management Inc increased its stake in Globe Life by 388.0% during the 4th quarter. Versant Capital Management Inc now owns 244 shares of the company’s stock valued at $27,000 after purchasing an additional 194 shares in the last quarter.
Albion Financial Group UT purchased a new stake in shares of Globe Life during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. bought a new stake in shares of Globe Life during the fourth quarter valued at approximately $28,000.
Avalon Trust Co purchased a new position in Globe Life in the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Globe Life by 32.7% in the 4th quarter.
EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $41,000 after acquiring an additional 90 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In other Globe Life news, CEO James Matthew Darden sold 24,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $121.52, for a total transaction of $3,024,632.
80. Following the completion of the transaction, the chief executive officer now owns 38,973 shares in the company, valued at $4,735,998.96.
This trade represents a 38.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link .
Also, CEO Frank M. Svoboda sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $122.
31, for a total value of $1,345,410.00. Following the sale, the chief executive officer now directly owns 18,948 shares in the company, valued at $2,317,529.
88. This trade represents a 36.73 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 1.51% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes View Our Latest Report on Globe Life Globe Life Price Performance NYSE GL opened at $118.39 on Friday. The company has a current ratio of 0.
05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50.
Globe Life Inc. has a 12 month low of $38.95 and a 12 month high of $133.
76. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 9.
91 and a beta of 0.60. The company’s 50 day moving average is $124.
36 and its two-hundred day moving average is $115.14. Globe Life ( NYSE:GL – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 5th.
The company reported $3.14 EPS for the quarter, beating the consensus estimate 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, research analysts anticipate that Globe Life Inc. will post 13.
87 earnings per share for the current year. Globe Life Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 3rd will be issued a $0.
27 dividend. The ex-dividend date is Thursday, April 3rd. This is a boost from Globe Life’s previous quarterly dividend of $0.
24. This represents a $1.08 dividend on an annualized basis and a yield of 0.
91%. Globe Life’s payout ratio is currently 9.04%.
About Globe Life ( Free Report ) 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. See Also Want to see what other hedge funds are holding GL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Globe Life Inc. ( NYSE:GL – Free Report ). Receive News & Ratings for Globe Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globe Life and related companies with MarketBeat.
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