Globe Life Inc. (NYSE:GL) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Globe Life Inc. (NYSE:GL) by 22.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,519,675 shares of the company’s stock after buying an additional 277,108 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Globe Life were worth $160,949,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Savant Capital LLC lifted its position in Globe Life by 951.5% in the second quarter. Savant Capital LLC now owns 75,214 shares of the company’s stock valued at $6,189,000 after buying an additional 68,061 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Globe Life by 151.4% in the 2nd quarter. Achmea Investment Management B.V. now owns 29,684 shares of the company’s stock worth $2,443,000 after acquiring an additional 17,878 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Globe Life during the 2nd quarter worth approximately $15,483,000. Price T Rowe Associates Inc. MD increased its holdings in Globe Life by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 198,945 shares of the company’s stock valued at $23,153,000 after purchasing an additional 9,497 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Globe Life by 85.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,779 shares of the company’s stock valued at $2,095,000 after purchasing an additional 9,141 shares during the period. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GL. TD Cowen started coverage on Globe Life in a research report on Wednesday, October 9th. They set a “buy” rating and a $150.00 price target for the company. Piper Sandler lifted their target price on Globe Life from $118.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods increased their price target on shares of Globe Life from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price objective on shares of Globe Life from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Truist Financial increased their target price on shares of Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Globe Life presently has an average rating of “Moderate Buy” and a consensus target price of $124.50.

Globe Life Trading Down 0.4 %

Shares of NYSE:GL opened at $111.24 on Friday. Globe Life Inc. has a 52 week low of $38.95 and a 52 week high of $132.00. The company’s 50 day moving average is $108.15 and its two-hundred day moving average is $96.51. The company has a market cap of $9.34 billion, a PE ratio of 9.41 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 0.50.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.06 by $0.43. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. Globe Life’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.71 earnings per share. Equities analysts predict that Globe Life Inc. will post 12.31 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 8th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, January 6th. Globe Life’s payout ratio is 8.12%.

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.