TrueWealth Advisors LLC Has $1.39 Million Stock Holdings in Globe Life Inc. (NYSE:GL)

TrueWealth Advisors LLC raised its holdings in Globe Life Inc. (NYSE:GL) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,141 shares of the company’s stock after acquiring an additional 170 shares during the quarter. TrueWealth Advisors LLC’s holdings in Globe Life were worth $1,392,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GL. Vanguard Group Inc. raised its position in shares of Globe Life by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,255,091 shares of the company’s stock valued at $1,309,755,000 after purchasing an additional 425,993 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Globe Life by 7.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 101,607 shares of the company’s stock valued at $11,824,000 after purchasing an additional 7,100 shares during the period. Savant Capital LLC raised its position in shares of 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 purchasing an additional 68,061 shares during the period. Achmea Investment Management B.V. raised its position in shares of Globe Life by 151.4% in the second quarter. Achmea Investment Management B.V. now owns 29,684 shares of the company’s stock valued at $2,443,000 after purchasing an additional 17,878 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Globe Life by 308.5% in the first quarter. Bessemer Group Inc. now owns 11,827 shares of the company’s stock valued at $1,377,000 after purchasing an additional 8,932 shares during the period. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Stock Performance

GL traded down $1.58 during trading on Friday, reaching $104.02. 580,778 shares of the company’s stock were exchanged, compared to its average volume of 595,983. Globe Life Inc. has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $106.10 and a 200 day moving average price of $91.94. The company has a market capitalization of $9.34 billion, a P/E ratio of 8.80 and a beta of 0.81.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.43. Globe Life had a net margin of 19.04% and a return on equity of 22.58%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company earned $2.71 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Globe Life Inc. will post 12.32 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were paid a $0.24 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.96 annualized dividend and a dividend yield of 0.92%. Globe Life’s dividend payout ratio is presently 8.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GL. TD Cowen began 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. 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. Morgan Stanley boosted their target price on shares of Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price 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. Finally, Raymond James boosted their target price on shares of Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Globe Life has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

About Globe Life

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.