Globe Life Inc. (NYSE:GL – Get Score) was the goal of a big drop in brief curiosity in December. As of December fifteenth, there was quick curiosity totalling 1,180,000 shares, a drop of 14.5% from the November thirtieth complete of 1,380,000 shares. Based mostly on a mean day by day quantity of 625,100 shares, the short-interest ratio is at present 1.9 days. Roughly 1.2% of the shares of the inventory are quick bought.
Globe Life Inventory Down 0.1 %
Shares of GL inventory traded down $0.15 throughout mid-day buying and selling on Monday, reaching $120.55. 14,871 shares of the corporate have been exchanged, in comparison with its common quantity of 565,178. The corporate has a debt-to-equity ratio of 0.37, a fast ratio of 0.05 and a present ratio of 0.05. The enterprise’s 50 day easy shifting common is $116.28 and its 200 day easy shifting common is $106.40. The corporate has a market capitalization of $11.73 billion, a P/E ratio of 17.00 and a beta of 0.82. Globe Life has a fifty-two week low of $87.87 and a fifty-two week excessive of $122.12.
Globe Life (NYSE:GL – Get Score) final introduced its quarterly earnings knowledge on Wednesday, October twenty sixth. The corporate reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.04. Globe Life had a web margin of 13.61% and a return on fairness of 12.02%. The corporate had income of $1.32 billion throughout the quarter, in comparison with analyst estimates of $1.33 billion. Analysis analysts predict that Globe Life will publish 8.09 earnings per share for the present yr.
Globe Life Declares Dividend
The corporate additionally just lately declared a quarterly dividend, which will likely be paid on Wednesday, February 1st. Stockholders of document on Friday, January sixth will likely be issued a $0.2075 dividend. The ex-dividend date is Thursday, January fifth. This represents a $0.83 dividend on an annualized foundation and a dividend yield of 0.69%. Globe Life’s dividend payout ratio (DPR) is 11.71%.
Insider Transactions at Globe Life
In associated information, CAO Michael Shane Henrie bought 3,000 shares of the corporate’s inventory in a transaction that occurred on Monday, October thirty first. The inventory was bought at a mean value of $114.93, for a complete worth of $344,790.00. The transaction was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. In associated information, CAO Michael Shane Henrie bought 3,000 shares of Globe Life inventory in a transaction dated Monday, October thirty first. The inventory was bought at a mean value of $114.93, for a complete transaction of $344,790.00. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there at this hyperlink. Additionally, EVP Michael Clay Majors bought 22,000 shares of the enterprise’s inventory in a transaction on Tuesday, November 1st. The shares have been bought at a mean value of $113.74, for a complete worth of $2,502,280.00. Following the completion of the transaction, the chief vp now owns 30,505 shares of the corporate’s inventory, valued at $3,469,638.70. The disclosure for this sale might be discovered right here. Insiders bought a complete of 110,571 shares of firm inventory valued at $12,563,268 within the final ninety days. Company insiders personal 4.62% of the corporate’s inventory.
Hedge Funds Weigh In On Globe Life
A number of giant traders have just lately added to or decreased their stakes in GL. Parkside Monetary Financial institution & Belief lifted its holdings in shares of Globe Life by 8.2% within the third quarter. Parkside Monetary Financial institution & Belief now owns 1,238 shares of the corporate’s inventory price $123,000 after buying an extra 94 shares over the past quarter. Fifth Third Bancorp grew its place in shares of Globe Life by 3.1% throughout the third quarter. Fifth Third Bancorp now owns 3,220 shares of the corporate’s inventory price $321,000 after buying an extra 98 shares over the past quarter. Utah Retirement Techniques elevated its holdings in shares of Globe Life by 0.6% within the third quarter. Utah Retirement Techniques now owns 16,247 shares of the corporate’s inventory price $1,620,000 after buying an extra 100 shares throughout the interval. Artistic Planning elevated its holdings in shares of Globe Life by 0.6% within the third quarter. Artistic Planning now owns 18,564 shares of the corporate’s inventory price $1,851,000 after buying an extra 113 shares throughout the interval. Lastly, IFM Buyers Pty Ltd lifted its place in Globe Life by 0.7% within the third quarter. IFM Buyers Pty Ltd now owns 16,885 shares of the corporate’s inventory valued at $1,683,000 after buying an extra 119 shares over the past quarter. 81.04% of the inventory is at present owned by institutional traders.
Analysts Set New Worth Targets
A number of equities analysis analysts have commented on the corporate. Credit score Suisse Group upped their value goal on Globe Life from $130.00 to $140.00 and gave the inventory an “outperform” score in a analysis observe on Monday, December nineteenth. Morgan Stanley lifted their value goal on shares of Globe Life from $112.00 to $115.00 and gave the corporate an “underweight” score in a analysis report on Thursday, November seventeenth. Piper Sandler elevated their value goal on shares of Globe Life from $127.00 to $130.00 and gave the inventory an “obese” score in a analysis report on Tuesday, December twentieth. Raymond James started protection on shares of Globe Life in a report on Wednesday, September twenty first. They set a “strong-buy” score and a $138.00 goal value on the inventory. Lastly, Truist Monetary raised their value goal on Globe Life from $100.00 to $112.00 and gave the corporate a “maintain” score in a analysis report on Friday, October twenty eighth. Two analysts have rated the inventory with a promote score, three have given a maintain score, three have issued a purchase score and one has given a powerful purchase score to the inventory. In accordance with knowledge from MarketBeat.com, the inventory presently has a mean score of “Maintain” and a consensus value goal of $116.67.
About Globe Life
Globe Life Inc, via its subsidiaries, gives varied life and supplemental medical insurance merchandise, and annuities to decrease center to center earnings households in the USA. The corporate operates via 4 segments: Life Insurance coverage, Supplemental Well being Insurance coverage, Annuities, and Investments.
Additional Studying
This instantaneous information alert was generated by narrative science expertise and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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