Globe Life Inc. (NYSE:GL – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Globe Life (GL)
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