Shares of Globe Life Inc. (NYSE:GL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $99.48 and last traded at $99.29, with a volume of 70325 shares traded. The stock had previously closed at $98.52.

Several research analysts have recently weighed in on GL shares. Zacks Investment Research upgraded shares of 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. UBS Group dropped their price target on shares of 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 started coverage on shares of Globe Life in a research note on Friday, September 20th. They set an “outperform” rating and a $114.00 price target on the stock. Finally, ValuEngine upgraded shares of Globe Life from a “sell” rating to a “hold” rating in a research note on Friday, November 1st.

The firm has a 50 day simple moving average of $95.56. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.04. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Globe Life had a net margin of 16.57% and a return on equity of 12.21%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. On average, equities analysts anticipate that Globe Life Inc. will post 6.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were paid a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, October 3rd. Globe Life’s dividend payout ratio is presently 11.26%.

In other news, insider Steven John Dichiaro sold 18,500 shares of Globe Life stock in a transaction on Monday, November 4th. The shares were sold at an average price of $98.13, for a total transaction of $1,815,405.00. Also, Director David L. Boren sold 10,900 shares of Globe Life stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $87.02, for a total transaction of $948,518.00. Following the transaction, the director now owns 203 shares in the company, valued at approximately $17,665.06. The disclosure for this sale can be found here. Company insiders own 3.64% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System bought a new stake in shares of Globe Life during the 3rd quarter valued at $88,278,000. SPF Beheer BV bought a new stake in shares of Globe Life during the 3rd quarter valued at $85,160,000. PGGM Investments bought a new stake in shares of Globe Life during the 3rd quarter valued at $50,205,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Globe Life during the 3rd quarter valued at $40,947,000. Finally, Anchor Capital Advisors LLC bought a new stake in shares of Globe Life during the 3rd quarter valued at $28,014,000. Hedge funds and other institutional investors own 74.05% of the company’s stock.

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.

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