Globe Life Inc. (NYSE:GL) Shares Bought by Nuance Investments LLC

Nuance Investments LLC raised its position in Globe Life Inc. (NYSE:GL) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,234,069 shares of the company’s stock after purchasing an additional 95,091 shares during the period. Globe Life accounts for 5.6% of Nuance Investments LLC’s investment portfolio, making the stock its 4th largest holding. Nuance Investments LLC owned approximately 1.47% of Globe Life worth $137,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GL. Versant Capital Management Inc increased its holdings in Globe Life by 388.0% in the fourth quarter. Versant Capital Management Inc now owns 244 shares of the company’s stock valued at $27,000 after buying an additional 194 shares during the last quarter. Albion Financial Group UT acquired a new stake in shares of Globe Life during the 4th quarter worth about $28,000. Rakuten Securities Inc. acquired a new position in Globe Life in the fourth quarter valued at approximately $28,000. Avalon Trust Co purchased a new position in Globe Life in the fourth quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Globe Life by 32.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $41,000 after purchasing an additional 90 shares in the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GL shares. Jefferies Financial Group boosted their price objective on Globe Life from $107.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets assumed coverage on shares of Globe Life in a report on Thursday, January 23rd. They issued a “market perform” rating and a $114.00 target price for the company. Keefe, Bruyette & Woods raised their price target on Globe Life from $137.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Evercore ISI raised Globe Life from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $132.00 to $143.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on Globe Life from $126.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.60.

Globe Life Trading Down 0.0 %

NYSE:GL opened at $129.75 on Wednesday. The company has a market capitalization of $10.80 billion, a PE ratio of 10.86 and a beta of 0.77. Globe Life Inc. has a 52-week low of $38.95 and a 52-week high of $131.39. The stock has a fifty day simple moving average of $123.18 and a 200-day simple moving average of $113.40. 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 issued its quarterly earnings data on Wednesday, February 5th. The company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.02. Globe Life had a return on equity of 22.32% and a net margin of 18.53%. On average, equities research analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 3rd will be given a $0.27 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Globe Life’s previous quarterly dividend of $0.24. Globe Life’s payout ratio is currently 9.04%.

Insider Activity at Globe Life

In other news, CMO Jennifer Allison Haworth sold 9,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $112.91, for a total value of $1,016,190.00. Following the completion of the sale, the chief marketing officer now owns 13,485 shares in the company, valued at approximately $1,522,591.35. This trade represents a 40.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank M. Svoboda sold 11,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $122.31, for a total value of $1,345,410.00. Following the sale, the chief executive officer now owns 18,948 shares in the company, valued at approximately $2,317,529.88. The trade was a 36.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,338 shares of company stock worth $7,239,630. 1.51% of the stock is currently owned by insiders.

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.