Globe Life Inc. (NYSE:GL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $99.72 and last traded at $99.72, with a volume of 13128 shares trading hands. The stock had previously closed at $99.57.

A number of brokerages have recently issued reports on GL. Credit Suisse Group began coverage on shares of Globe Life in a research report on Friday, September 20th. They set an “outperform” rating and a $114.00 target price on the stock. UBS Group reduced their target price on shares of Globe Life from $85.00 to $84.00 and set a “sell” rating on the stock in a research report on Thursday, October 10th. Zacks Investment Research upgraded 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 report on Tuesday, September 3rd. Finally, ValuEngine upgraded shares of Globe Life from a “sell” rating to a “hold” rating in a research report on Friday, November 1st.

The firm has a 50-day moving average of $95.92. The company has a market cap of $10.77 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06.

Globe Life (NYSE:GL) last announced its earnings results on Wednesday, October 23rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Globe Life had a net margin of 16.57% and a return on equity of 12.21%. Globe Life’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 earnings per share. As a group, research analysts expect that Globe Life Inc. will post 6.77 EPS for the current fiscal year.

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

In other Globe Life news, insider Steven John Dichiaro sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $98.13, for a total value of $1,815,405.00. Also, CEO Gary L. Coleman sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $98.93, for a total transaction of $2,473,250.00. Over the last three months, insiders have sold 101,800 shares of company stock valued at $9,926,455. 3.64% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Orrstown Financial Services Inc. bought a new position in Globe Life during the third quarter worth about $56,000. Rowland & Co. Investment Counsel ADV bought a new position in Globe Life during the third quarter worth about $1,696,000. M&R Capital Management Inc. bought a new position in Globe Life during the third quarter worth about $2,477,000. State of Alaska Department of Revenue bought a new position in Globe Life during the third quarter worth about $6,046,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in Globe Life in the 3rd quarter valued at about $5,268,000. 73.99% 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.

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