Globe Life Inc. (NYSE:GL – Get Free Report) saw unusually large options trading activity on Thursday. Investors purchased 15,033 put options on the stock. This represents an increase of 1,360% compared to the typical volume of 1,030 put options.
Globe Life Stock Performance
Shares of GL opened at $49.17 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $4.62 billion, a P/E ratio of 4.88 and a beta of 0.69. The firm’s fifty day simple moving average is $119.10 and its two-hundred day simple moving average is $118.54. Globe Life has a 12 month low of $38.95 and a 12 month high of $132.00.
Globe Life (NYSE:GL – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.15. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Globe Life had a net margin of 17.82% and a return on equity of 24.25%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.24 EPS. As a group, analysts predict that Globe Life will post 11.6 EPS for the current year.
Globe Life Increases Dividend
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on GL. Piper Sandler lowered their price target on shares of Globe Life from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 5th. StockNews.com cut shares of Globe Life from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Truist Financial boosted their price objective on shares of Globe Life from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Wells Fargo & Company reduced their price objective on shares of Globe Life from $146.00 to $132.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Globe Life from $135.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Globe Life currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.
Read Our Latest Stock Report on Globe Life
Institutional Investors Weigh In On Globe Life
A number of institutional investors and hedge funds have recently made changes to their positions in GL. Private Trust Co. NA raised its holdings in shares of Globe Life by 270.0% in the 4th quarter. Private Trust Co. NA now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 162 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Globe Life in the 4th quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in shares of Globe Life in the 4th quarter worth about $28,000. Lindbrook Capital LLC raised its holdings in shares of Globe Life by 62.2% in the 4th quarter. Lindbrook Capital LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 92 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Globe Life in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 81.61% of the company’s stock.
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.
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