2 weeks Ago By ABMN Staff
Townsquare Capital LLC reduced its position in shares of Globe Life Inc. ( NYSE:GL – Free Report ) by 9.9% in the 4th quarter, Holdings Channel.
com reports. The firm owned 3,243 shares of the company’s stock after selling 355 shares during the period. Townsquare Capital LLC’s holdings in Globe Life were worth $362,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Argent Trust Co raised its holdings in Globe Life by 14.9% during the fourth quarter.
Argent Trust Co now owns 6,940 shares of the company’s stock worth $774,000 after purchasing an additional 900 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Globe Life by 0.6% in the fourth quarter.
Treasurer of the State of North Carolina now owns 39,048 shares of the company’s stock valued at $4,355,000 after acquiring an additional 250 shares during the last quarter. Bessemer Group Inc. boosted its stake in Globe Life by 3.
8% in the fourth quarter. Bessemer Group Inc. now owns 11,774 shares of the company’s stock valued at $1,313,000 after acquiring an additional 430 shares in the last quarter.
APG Asset Management N.V. grew its holdings in shares of Globe Life by 308.
3% during the fourth quarter. APG Asset Management N.V.
now owns 133,163 shares of the company’s stock worth $14,341,000 after purchasing an additional 100,551 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Globe Life by 21.5% during the fourth quarter.
Bank of Nova Scotia now owns 105,966 shares of the company’s stock worth $11,817,000 after purchasing an additional 18,749 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.
Insider Buying and Selling In other Globe Life news, CEO James Matthew Darden sold 24,890 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $121.52, for a total value of $3,024,632.
80. Following the sale, the chief executive officer now owns 38,973 shares of the company’s stock, valued at approximately $4,735,998.96.
This represents a 38.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, CEO Frank M. Svoboda sold 11,000 shares of Globe Life stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $122.
31, for a total value of $1,345,410.00. Following the transaction, the chief executive officer now directly owns 18,948 shares of the company’s stock, valued at $2,317,529.
88. This trade represents a 36.73 % decrease in their position.
The disclosure for this sale can be found here . 1.51% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth View Our Latest Stock Analysis on Globe Life Globe Life Price Performance Shares of NYSE:GL opened at $116.95 on Tuesday. The company has a quick ratio of 0.
05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50.
The company has a 50-day moving average price of $124.15 and a 200 day moving average price of $115.91.
Globe Life Inc. has a 52 week low of $66.25 and a 52 week high of $133.
76. The company has a market cap of $9.74 billion, a P/E ratio of 9.
79 and a beta of 0.60. Globe Life ( NYSE:GL – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 5th.
The company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.
02. Globe Life had a return on equity of 22.32% and a net margin of 18.
53%. Research analysts predict that Globe Life Inc. will post 13.
87 earnings per share for the current year. Globe Life Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 3rd will be paid a $0.
27 dividend. This is a boost from Globe Life’s previous quarterly dividend of $0.24.
The ex-dividend date is Thursday, April 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.
92%. Globe Life’s dividend payout ratio (DPR) is 9.04%.
Globe Life Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding GL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Globe Life Inc. ( NYSE:GL – Free Report ). Receive News & Ratings for Globe Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globe Life and related companies with MarketBeat.
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