Aptus Capital Advisors LLC Decreases Stake in Globe Life Inc. (NYSE:GL)

Aptus Capital Advisors LLC cut its position in Globe Life Inc. (NYSE:GL) by 13.9% during the third quarter, HoldingsChannel reports. The firm owned 12,177 shares of the company’s stock after selling 1,959 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Globe Life were worth $1,290,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Globe Life by 3.9% during the first quarter. Vanguard Group Inc. now owns 11,255,091 shares of the company’s stock worth $1,309,755,000 after purchasing an additional 425,993 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Globe Life by 7.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 101,607 shares of the company’s stock valued at $11,824,000 after buying an additional 7,100 shares in the last quarter. Savant Capital LLC grew its position in shares of Globe Life by 951.5% in the 2nd 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. raised its stake in Globe Life by 151.4% during 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 in the last quarter. Finally, Bessemer Group Inc. lifted its position in 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 acquiring an additional 8,932 shares during the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. 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 on the stock. Wells Fargo & Company boosted their price objective on Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Globe Life from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Truist Financial increased their price target on shares of Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

Globe Life Stock Down 1.0 %

Shares of Globe Life stock opened at $108.97 on Friday. Globe Life Inc. has a one year low of $38.95 and a one year high of $132.00. The company has a market cap of $9.15 billion, a P/E ratio of 9.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a fifty day moving average of $106.83 and a two-hundred day moving average of $94.36.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 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 last year, the firm earned $2.71 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that Globe Life Inc. will post 12.32 earnings per share for the current year.

Globe Life Company 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.