Globe Life Inc. (NYSE:GL) Insider John Henry Rogers, Jr. Sells 11,300 Shares of Stock

Globe Life Inc. (NYSE:GLGet Rating) insider John Henry Rogers, Jr. sold 11,300 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $116.07, for a total transaction of $1,311,591.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Globe Life Trading Up 0.4 %

Shares of NYSE:GL opened at $116.77 on Thursday. Globe Life Inc. has a fifty-two week low of $85.25 and a fifty-two week high of $117.31. The company has a market cap of $11.36 billion, a PE ratio of 16.47 and a beta of 0.85. The company’s 50-day moving average price is $109.11 and its 200 day moving average price is $102.02. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.37.

Globe Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, October 7th were paid a $0.2075 dividend. The ex-dividend date was Thursday, October 6th. This represents a $0.83 annualized dividend and a dividend yield of 0.71%. Globe Life’s dividend payout ratio is currently 11.71%.

Hedge Funds Weigh In On Globe Life

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Globe Life by 0.3% in the third quarter. Vanguard Group Inc. now owns 10,638,209 shares of the company’s stock valued at $1,060,631,000 after acquiring an additional 31,957 shares during the last quarter. Wellington Management Group LLP increased its holdings in Globe Life by 37.0% in the 1st quarter. Wellington Management Group LLP now owns 7,308,014 shares of the company’s stock valued at $735,187,000 after buying an additional 1,973,186 shares during the period. BlackRock Inc. increased its holdings in Globe Life by 0.9% in the 1st quarter. BlackRock Inc. now owns 6,520,494 shares of the company’s stock valued at $655,963,000 after buying an additional 57,587 shares during the period. Boston Partners grew its holdings in shares of Globe Life by 2.2% in the 3rd quarter. Boston Partners now owns 2,546,278 shares of the company’s stock worth $254,128,000 after purchasing an additional 54,819 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Globe Life by 7.9% in the 2nd quarter. FMR LLC now owns 2,110,260 shares of the company’s stock worth $205,687,000 after purchasing an additional 154,505 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Raymond James initiated coverage on shares of Globe Life in a report on Wednesday, September 21st. They issued a “strong-buy” rating and a $138.00 target price for the company. Morgan Stanley upped their target price on shares of Globe Life from $112.00 to $115.00 and gave the stock an “underweight” rating in a research report on Thursday, November 17th. Truist Financial upped their target price on shares of Globe Life from $100.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, October 28th. StockNews.com initiated coverage on shares of Globe Life in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Piper Sandler upped their price objective on shares of Globe Life to $127.00 in a research note on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Globe Life presently has an average rating of “Hold” and a consensus target price of $113.38.

About Globe Life

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Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

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Insider Buying and Selling by Quarter for Globe Life (NYSE:GL)

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