Janus Henderson Group PLC Purchases 192 Shares of Globe Life Inc. (NYSE:GL)

Janus Henderson Group PLC raised its position in shares of Globe Life Inc. (NYSE:GL) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,263 shares of the company’s stock after acquiring an additional 192 shares during the period. Janus Henderson Group PLC owned approximately 0.05% of Globe Life worth $4,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Globe Life during the fourth quarter worth approximately $61,238,000. Principal Financial Group Inc. increased its position in shares of Globe Life by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 105,315 shares of the company’s stock valued at $11,154,000 after purchasing an additional 8,663 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Globe Life during the 4th quarter valued at $487,000. Prudential Financial Inc. lifted its position in Globe Life by 50.0% in the fourth quarter. Prudential Financial Inc. now owns 82,749 shares of the company’s stock worth $9,069,000 after buying an additional 27,590 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Globe Life by 61.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 24,665 shares of the company’s stock worth $2,751,000 after buying an additional 9,395 shares during the period. 81.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Globe Life in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $114.00 target price on the stock. StockNews.com raised shares of Globe Life from a “hold” rating to a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods boosted their target price on Globe Life from $137.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Morgan Stanley reduced their price target on Globe Life from $126.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. raised their price target on Globe Life from $136.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Globe Life has an average rating of “Moderate Buy” and a consensus price target of $137.00.

Globe Life Trading Up 1.1%

Shares of NYSE GL opened at $121.87 on Monday. Globe Life Inc. has a twelve month low of $76.55 and a twelve month high of $133.76. The firm has a market cap of $10.06 billion, a PE ratio of 10.20 and a beta of 0.56. The business has a fifty day simple moving average of $123.20 and a two-hundred day simple moving average of $117.73. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.24 by ($0.17). Globe Life had a net margin of 18.53% and a return on equity of 22.32%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business posted $2.78 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 3rd will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.89%. Globe Life’s payout ratio is presently 8.79%.

Globe Life Profile

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.