Cigna Investments Inc. New Sells 470 Shares of Globe Life Inc. (NYSE:GL)

Cigna Investments Inc. New lowered its position in shares of Globe Life Inc. (NYSE:GL) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,670 shares of the company’s stock after selling 470 shares during the quarter. Cigna Investments Inc. New’s holdings in Globe Life were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of GL. Pacer Advisors Inc. bought a new position in shares of Globe Life during the 3rd quarter worth approximately $1,016,000. Valeo Financial Advisors LLC bought a new position in shares of Globe Life during the 3rd quarter worth approximately $92,000. Wealthfront Advisers LLC bought a new position in shares of Globe Life during the 3rd quarter worth approximately $1,586,000. First Command Financial Services Inc. bought a new position in shares of Globe Life during the 3rd quarter worth approximately $54,000. Finally, DNB Asset Management AS bought a new position in shares of Globe Life during the 3rd quarter worth approximately $1,024,000. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider John Henry Rogers, Jr. sold 3,750 shares of Globe Life stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.67, for a total value of $411,262.50. Following the completion of the transaction, the insider now directly owns 3,750 shares in the company, valued at approximately $411,262.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Shane Henrie sold 1,000 shares of Globe Life stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $99.41, for a total transaction of $99,410.00. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $99,410. The disclosure for this sale can be found here. Insiders sold a total of 15,019 shares of company stock worth $1,591,938 in the last ninety days. 3.64% of the stock is currently owned by insiders.

Several research firms have commented on GL. Barclays reissued a “sell” rating and set a $84.00 target price on shares of Globe Life in a research report on Tuesday, January 7th. ValuEngine cut shares of Globe Life from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Globe Life presently has an average rating of “Hold” and a consensus target price of $95.25.

NYSE:GL opened at $110.59 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $11.78 billion, a PE ratio of 16.19, a PEG ratio of 2.41 and a beta of 0.93. The business has a 50 day moving average of $105.43. Globe Life Inc. has a 12 month low of $80.14 and a 12 month high of $110.67.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.02). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Globe Life had a return on equity of 11.22% and a net margin of 16.80%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $1.56 EPS. As a group, sell-side analysts anticipate that Globe Life Inc. will post 7.16 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were issued a $0.172 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.62%. Globe Life’s dividend payout ratio (DPR) is presently 10.22%.

Globe Life Company Profile

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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Institutional Ownership by Quarter for Globe Life (NYSE:GL)

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