Monument Capital Management purchased a new stake in Globe Life Inc. (NYSE:GL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,939 shares of the company’s stock, valued at approximately $2,197,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Command Financial Services Inc. bought a new position in shares of Globe Life in the 3rd quarter valued at $54,000. Orrstown Financial Services Inc. bought a new position in shares of Globe Life in the 3rd quarter valued at $56,000. Valeo Financial Advisors LLC bought a new position in shares of Globe Life in the 3rd quarter valued at $92,000. Signaturefd LLC bought a new position in shares of Globe Life in the 3rd quarter valued at $118,000. Finally, CX Institutional bought a new position in shares of Globe Life in the 3rd quarter valued at $161,000. Institutional investors own 75.57% of the company’s stock.

Several brokerages have recently issued reports on GL. UBS Group decreased their price target on Globe Life from $85.00 to $84.00 and set a “sell” rating on the stock in a research note on Thursday, October 10th. Credit Suisse Group began coverage on Globe Life in a research note on Friday, September 20th. They issued an “outperform” rating and a $114.00 price target on the stock. ValuEngine lowered Globe Life from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Globe Life from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, September 3rd.

In related news, Director Charles E. Adair sold 3,670 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $91.65, for a total transaction of $336,355.50. Following the sale, the director now owns 7,699 shares in the company, valued at approximately $705,613.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vern D. Herbel sold 50,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $92.25, for a total value of $4,612,500.00. Following the sale, the executive vice president now owns 50,000 shares in the company, valued at approximately $4,612,500. The disclosure for this sale can be found here. Insiders have sold a total of 100,820 shares of company stock worth $9,241,936 in the last 90 days. 3.64% of the stock is currently owned by corporate insiders.

GL stock traded up $1.00 during midday trading on Monday, reaching $95.68. 314,898 shares of the stock were exchanged, compared to its average volume of 467,359. The company has a market cap of $10.31 billion, a PE ratio of 15.61, a PEG ratio of 1.85 and a beta of 0.95. Globe Life Inc. has a 52 week low of $69.68 and a 52 week high of $96.92. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $93.45.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Globe Life had a return on equity of 12.34% and a net margin of 16.26%. As a group, sell-side analysts expect that Globe Life Inc. will post 6.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be given a dividend of $0.172 per share. The ex-dividend date is Thursday, October 3rd. This represents a $0.69 dividend on an annualized basis and a yield of 0.72%. Globe Life’s dividend payout ratio is currently 11.26%.

Globe Life Company Profile

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.

Recommended Story: How the Consumer Price Index (CPI) is calculated?

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).

Institutional Ownership by Quarter for Globe Life (NYSE:GL)

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.com's FREE daily email newsletter.