Globe Life Inc. (NYSE:GL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.62 and last traded at $103.19, with a volume of 66166 shares traded. The stock had previously closed at $102.76.

A number of equities analysts have recently commented on GL shares. Zacks Investment Research raised shares of Globe Life from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Tuesday, September 3rd. ValuEngine raised shares of Globe Life from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group lowered their price target on Globe Life from $85.00 to $84.00 and set a “sell” rating for the company in a report on Thursday, October 10th. Finally, Credit Suisse Group initiated coverage on Globe Life in a research report on Friday, September 20th. They issued an “outperform” rating and a $114.00 price objective on the stock.

The company has a market cap of $11.13 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average price is $98.58.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.69 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Globe Life had a return on equity of 11.61% and a net margin of 16.57%. Globe Life’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. Sell-side analysts forecast that Globe Life Inc. will post 6.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.172 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.68%. Globe Life’s dividend payout ratio is currently 11.26%.

In other news, Director Darren M. Rebelez sold 5,269 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $101.36, for a total transaction of $534,065.84. Following the completion of the sale, the director now directly owns 23,734 shares in the company, valued at $2,405,678.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael Shane Henrie sold 1,000 shares of Globe Life stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $99.41, for a total value of $99,410.00. Following the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $99,410. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,169 shares of company stock worth $13,086,963. Corporate insiders own 3.64% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GL. Orrstown Financial Services Inc. bought a new position in Globe Life during the 3rd quarter valued at $56,000. Rowland & Co. Investment Counsel ADV bought a new stake in shares of Globe Life in the 3rd quarter worth about $1,696,000. M&R Capital Management Inc. acquired a new stake in shares of Globe Life in the 3rd quarter valued at about $2,477,000. State of Alaska Department of Revenue bought a new position in shares of Globe Life during the third quarter worth about $6,046,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in shares of Globe Life during the third quarter worth about $5,268,000. 73.53% of the stock is owned by hedge funds and other institutional investors.

Globe Life Company Profile (NYSE:GL)

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.

See Also: Profit Margin

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