2 weeks Ago By ABMN Staff
Long Focus Capital Management LLC bought a new stake in shares of Globe Life Inc. ( NYSE:GL – Free Report ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $4,937,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its stake in Globe Life by 10,526.9% in the 1st quarter.
Nordea Investment Management AB now owns 998,717 shares of the company’s stock worth $116,061,000 after purchasing an additional 989,319 shares in the last quarter. D. E.
Shaw & Co. Inc. raised its holdings in shares of Globe Life by 398.
7% during the second quarter. D. E.
Shaw & Co. Inc. now owns 1,074,628 shares of the company’s stock valued at $88,420,000 after acquiring an additional 859,146 shares during the period.
Bank of New York Mellon Corp lifted its position in shares of Globe Life by 104.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,611,294 shares of the company’s stock valued at $132,577,000 after acquiring an additional 822,638 shares in the last quarter.
Millennium Management LLC boosted its stake in Globe Life by 177.0% in the 2nd quarter. Millennium Management LLC now owns 1,279,818 shares of the company’s stock worth $105,303,000 after purchasing an additional 817,760 shares during the period.
Finally, Pzena Investment Management LLC grew its position in Globe Life by 146.3% during the 2nd quarter. Pzena Investment Management LLC now owns 930,378 shares of the company’s stock worth $76,552,000 after purchasing an additional 552,634 shares in the last quarter.
81.61% of the stock is currently owned by institutional investors. Insider Buying and Selling In other news, Director Mary E.
Thigpen acquired 3,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $90.20 per share, with a total value of $270,600.
00. Following the acquisition, the director now owns 15,605 shares of the company’s stock, valued at $1,407,571. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
1.51% of the stock is currently owned by insiders. Globe Life Stock Performance Globe Life ( NYSE:GL – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 24th.
The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.
07. Globe Life had a return on equity of 21.93% and a net margin of 18.
47%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.
45 billion. During the same quarter in the previous year, the firm earned $2.61 EPS.
The firm’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Globe Life Inc.
will post 11.93 EPS for the current year. Globe Life Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st.
Stockholders of record on Friday, October 4th will be paid a $0.24 dividend. The ex-dividend date is Friday, October 4th.
This represents a $0.96 annualized dividend and a dividend yield of 0.88%.
Globe Life’s payout ratio is 9.17%. Analyst Upgrades and Downgrades GL has been the subject of a number of research analyst reports.
Truist Financial increased their target price on Globe Life from $80.00 to $90.00 and gave the company a “hold” rating in a report on Friday, July 26th.
Wells Fargo & Company increased their price target on shares of Globe Life from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th.
Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $118.00 price objective (up previously from $110.00) on shares of Globe Life in a research note on Wednesday, July 31st.
Evercore ISI boosted their price target on Globe Life from $83.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, June 26th.
Finally, Morgan Stanley increased their price target on shares of Globe Life from $66.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th.
Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.
33. Get Our Latest Research Report on Globe Life Globe Life Profile ( 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 ).
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