Venturi Wealth Management LLC Sells 405 Shares of Globe Life Inc. (NYSE:GL)

Venturi Wealth Management LLC trimmed its position in shares of Globe Life Inc. (NYSE:GL) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,106 shares of the company’s stock after selling 405 shares during the quarter. Venturi Wealth Management LLC’s holdings in Globe Life were worth $859,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Globe Life by 22.5% during the first quarter. Empowered Funds LLC now owns 7,327 shares of the company’s stock valued at $853,000 after purchasing an additional 1,346 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Globe Life by 599.8% during the first quarter. Headlands Technologies LLC now owns 3,436 shares of the company’s stock valued at $400,000 after purchasing an additional 2,945 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Globe Life by 69.7% during the first quarter. QRG Capital Management Inc. now owns 2,867 shares of the company’s stock valued at $334,000 after purchasing an additional 1,178 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Globe Life by 2.3% during the first quarter. ProShare Advisors LLC now owns 18,096 shares of the company’s stock valued at $2,106,000 after purchasing an additional 413 shares during the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of Globe Life by 61.2% during the first quarter. Entropy Technologies LP now owns 28,669 shares of the company’s stock valued at $3,336,000 after purchasing an additional 10,879 shares during the last quarter. 81.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James boosted their price objective on shares of Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 15th. TD Cowen assumed coverage on shares of Globe Life in a report on Wednesday, October 9th. They issued a “buy” rating and a $150.00 price objective for the company. Piper Sandler boosted their price objective on shares of Globe Life from $118.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Globe Life from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

Globe Life Trading Down 0.2 %

Shares of GL stock opened at $109.03 on Tuesday. Globe Life Inc. has a 1 year low of $38.95 and a 1 year high of $132.00. The firm has a fifty day moving average price of $106.55 and a 200-day moving average price of $93.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 9.22 and a beta of 0.81.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.43. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $2.71 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that Globe Life Inc. will post 12.32 earnings per share for the current year.

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.