Globe Life Inc. (NYSE:GL) Insider Steven John Dichiaro Sells 10,000 Shares

Globe Life Inc. (NYSE:GLGet Rating) insider Steven John Dichiaro sold 10,000 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $113.61, for a total value of $1,136,100.00. Following the transaction, the insider now directly owns 8,372 shares in the company, valued at approximately $951,142.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Steven John Dichiaro also recently made the following trade(s):

  • On Monday, October 31st, Steven John Dichiaro sold 10,000 shares of Globe Life stock. The stock was sold at an average price of $115.13, for a total value of $1,151,300.00.

Globe Life Stock Up 1.2 %

GL opened at $115.09 on Tuesday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.37. The firm has a market cap of $11.19 billion, a P/E ratio of 16.23 and a beta of 0.85. Globe Life Inc. has a 52 week low of $85.25 and a 52 week high of $116.56. The business’s fifty day simple moving average is $108.51 and its 200 day simple moving average is $101.81.

Globe Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Friday, October 7th were paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 6th. Globe Life’s payout ratio is currently 11.71%.

Institutional Trading of Globe Life

Large investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA purchased a new position in Globe Life during the third quarter worth about $298,000. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Globe Life by 4.8% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,247 shares of the company’s stock worth $324,000 after buying an additional 148 shares during the period. Kentucky Retirement Systems lifted its position in Globe Life by 5.3% during the third quarter. Kentucky Retirement Systems now owns 7,093 shares of the company’s stock worth $707,000 after buying an additional 360 shares during the period. Ascent Group LLC lifted its position in Globe Life by 15.8% during the third quarter. Ascent Group LLC now owns 3,321 shares of the company’s stock worth $384,000 after buying an additional 454 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Globe Life by 0.3% during the third quarter. CIBC Private Wealth Group LLC now owns 50,358 shares of the company’s stock worth $5,021,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analysts Set New Price Targets

GL has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Globe Life from $112.00 to $115.00 and gave the stock an “underweight” rating in a report on Thursday, November 17th. Truist Financial upped their target price on Globe Life from $100.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 28th. StockNews.com assumed coverage on Globe Life in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler upped their target price on Globe Life to $127.00 in a report on Tuesday, November 1st. Finally, Raymond James assumed coverage on Globe Life in a report on Wednesday, September 21st. They issued a “strong-buy” rating and a $138.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Globe Life presently has a consensus rating of “Hold” and an average target price of $113.38.

Globe Life Company Profile

(Get Rating)

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

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Insider Buying and Selling by Quarter for Globe Life (NYSE:GL)

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