1,023 Shares in Globe Life Inc. (NYSE:GL) Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new stake in shares of Globe Life Inc. (NYSE:GL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,023 shares of the company’s stock, valued at approximately $108,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its position in Globe Life by 33.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,767 shares of the company’s stock worth $187,000 after buying an additional 442 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of Globe Life during the third quarter worth about $73,000. TrueWealth Advisors LLC raised its holdings in Globe Life by 1.3% during the third quarter. TrueWealth Advisors LLC now owns 13,141 shares of the company’s stock worth $1,392,000 after purchasing an additional 170 shares in the last quarter. Van ECK Associates Corp lifted its position in Globe Life by 40.0% in the third quarter. Van ECK Associates Corp now owns 58,455 shares of the company’s stock valued at $6,480,000 after purchasing an additional 16,703 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Globe Life by 4.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,607 shares of the company’s stock valued at $382,000 after purchasing an additional 166 shares in the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Globe Life Stock Performance

NYSE:GL opened at $109.25 on Friday. The firm has a 50-day moving average price of $106.47 and a two-hundred day moving average price of $93.44. The company has a market capitalization of $9.81 billion, a P/E ratio of 9.24 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 0.31. Globe Life Inc. has a twelve month low of $38.95 and a twelve month high of $132.00.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $2.71 earnings per share. Globe Life’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Globe Life Inc. will post 12.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GL has been the subject of a number of analyst reports. Morgan Stanley increased their target price on Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their target price on Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler boosted their target price on shares of Globe Life from $118.00 to $130.00 and gave the stock 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 company an “outperform” rating in a report on Tuesday, October 29th. Finally, Truist Financial raised their price objective on shares of Globe Life from $90.00 to $105.00 and gave the company 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.50.

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.