Globe Life Inc. (NYSE:GL) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its position in shares of Globe Life Inc. (NYSE:GL) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,048 shares of the company’s stock after acquiring an additional 1,595 shares during the quarter. Hantz Financial Services Inc.’s holdings in Globe Life were worth $1,276,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GL. Riverview Trust Co acquired a new stake in Globe Life in the third quarter valued at $32,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Globe Life by 88.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 599 shares of the company’s stock valued at $50,000 after purchasing an additional 281 shares in the last quarter. LRI Investments LLC lifted its stake in shares of Globe Life by 898.4% in the second quarter. LRI Investments LLC now owns 619 shares of the company’s stock valued at $51,000 after purchasing an additional 557 shares during the period. Family Firm Inc. purchased a new stake in Globe Life during the second quarter worth about $54,000. Finally, Blue Trust Inc. boosted its holdings in Globe Life by 249.5% during the second quarter. Blue Trust Inc. now owns 776 shares of the company’s stock worth $64,000 after buying an additional 554 shares in the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GL has been the subject of a number of research reports. Raymond James lifted their price target on shares of Globe Life from $160.00 to $188.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 15th. TD Cowen assumed coverage on Globe Life in a report on Wednesday, October 9th. They set a “buy” rating and a $150.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on Globe Life from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Truist Financial lifted their price target on Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Piper Sandler increased their price objective on shares of Globe Life from $118.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Globe Life presently has an average rating of “Moderate Buy” and an average price target of $124.50.

Globe Life Trading Down 0.4 %

Shares of GL stock opened at $111.24 on Monday. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 9.41 and a beta of 0.81. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $108.15 and a 200 day moving average price of $96.56. Globe Life Inc. has a twelve month low of $38.95 and a twelve month high of $132.00.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.43. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.71 earnings per share. Research analysts forecast that Globe Life Inc. will post 12.31 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, January 31st. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, January 6th. Globe Life’s dividend payout ratio is presently 8.12%.

About Globe Life

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.