Globe Life Inc. (NYSE:GL – Get Free Report) CAO Michael Shane Henrie sold 2,500 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $113.05, for a total value of $282,625.00. Following the completion of the transaction, the chief accounting officer now owns 700 shares of the company’s stock, valued at $79,135. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Shane Henrie also recently made the following trade(s):
- On Tuesday, September 12th, Michael Shane Henrie sold 2,500 shares of Globe Life stock. The shares were sold at an average price of $110.37, for a total value of $275,925.00.
- On Tuesday, August 29th, Michael Shane Henrie sold 1,325 shares of Globe Life stock. The shares were sold at an average price of $111.20, for a total value of $147,340.00.
Globe Life Trading Up 0.0 %
Shares of Globe Life stock opened at $116.38 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life Inc. has a 52 week low of $102.23 and a 52 week high of $123.85. The stock has a 50 day moving average price of $111.42 and a two-hundred day moving average price of $110.16. The stock has a market capitalization of $11.02 billion, a PE ratio of 12.46 and a beta of 0.78.
Globe Life Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 6th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.90 annualized dividend and a dividend yield of 0.77%. Globe Life’s payout ratio is 9.64%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on GL. Wells Fargo & Company upgraded Globe Life from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $122.00 to $137.00 in a research report on Tuesday. Jefferies Financial Group raised their price objective on Globe Life from $115.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, September 14th. Raymond James raised their price objective on Globe Life from $138.00 to $160.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 23rd. Morgan Stanley upgraded Globe Life from an “underweight” rating to an “equal weight” rating and set a $131.00 price objective for the company in a research report on Friday, August 18th. Finally, Piper Sandler raised their price objective on Globe Life from $130.00 to $131.00 in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Globe Life has an average rating of “Moderate Buy” and an average target price of $134.25.
View Our Latest Stock Analysis on Globe Life
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Mendota Financial Group LLC bought a new stake in Globe Life during the first quarter worth $29,000. Sunbelt Securities Inc. bought a new stake in Globe Life during the first quarter worth $29,000. Lindbrook Capital LLC lifted its holdings in Globe Life by 56.0% during the first quarter. Lindbrook Capital LLC now owns 273 shares of the company’s stock worth $30,000 after acquiring an additional 98 shares during the period. Allworth Financial LP lifted its holdings in Globe Life by 144.7% during the second quarter. Allworth Financial LP now owns 301 shares of the company’s stock worth $33,000 after acquiring an additional 178 shares during the period. Finally, AM Squared Ltd bought a new stake in Globe Life during the first quarter worth $44,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.
About Globe Life
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.
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