Vontobel Holding Ltd. Has $379,000 Position in Globe Life Inc. (NYSE:GL)

Vontobel Holding Ltd. reduced its stake in shares of Globe Life Inc. (NYSE:GL) by 52.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,583 shares of the company’s stock after selling 3,904 shares during the quarter. Vontobel Holding Ltd.’s holdings in Globe Life were worth $379,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in Globe Life by 3.9% during the first quarter. Vanguard Group Inc. now owns 11,255,091 shares of the company’s stock valued at $1,309,755,000 after acquiring an additional 425,993 shares in the last quarter. Boston Partners raised its position in Globe Life by 6.4% during the first quarter. Boston Partners now owns 2,092,526 shares of the company’s stock valued at $243,200,000 after acquiring an additional 125,457 shares in the last quarter. Bank of New York Mellon Corp raised its position in Globe Life by 104.3% during the second quarter. Bank of New York Mellon Corp now owns 1,611,294 shares of the company’s stock valued at $132,577,000 after acquiring an additional 822,638 shares in the last quarter. Millennium Management LLC raised its position in Globe Life by 177.0% during the second quarter. Millennium Management LLC now owns 1,279,818 shares of the company’s stock valued at $105,303,000 after acquiring an additional 817,760 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Globe Life by 398.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,074,628 shares of the company’s stock valued at $88,420,000 after purchasing an additional 859,146 shares during the period. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mary E. Thigpen bought 3,000 shares of Globe Life stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $90.20 per share, for a total transaction of $270,600.00. Following the purchase, the director now owns 15,605 shares of the company’s stock, valued at approximately $1,407,571. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.51% of the company’s stock.

Globe Life Trading Up 0.7 %

Shares of Globe Life stock opened at $110.96 on Wednesday. The company’s fifty day simple moving average is $104.24 and its 200-day simple moving average is $90.62. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 10.60 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 0.31. Globe Life Inc. has a 1 year low of $38.95 and a 1 year high of $132.00.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.07. Globe Life had a net margin of 18.47% and a return on equity of 21.93%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Globe Life Inc. will post 11.93 EPS for the current year.

Globe Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.96 dividend on an annualized basis and a yield of 0.87%. Globe Life’s dividend payout ratio is currently 9.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GL shares. Jefferies Financial Group lifted their price target on shares of Globe Life from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, June 28th. Wells Fargo & Company lifted their price target on shares of Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. TD Cowen started coverage on shares of Globe Life in a research report on Wednesday, October 9th. They issued a “buy” rating and a $150.00 price target on the stock. 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. Finally, Evercore ISI lifted their price target on shares of Globe Life from $83.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.40.

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.