Insider Selling: Globe Life Inc. (NYSE:GL) Insider Sells 20,000 Shares of Stock

Globe Life Inc. (NYSE:GL) insider Bill Leavell sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $98.93, for a total transaction of $1,978,600.00.

GL traded down $0.01 on Friday, hitting $98.93. 393,200 shares of the stock were exchanged, compared to its average volume of 463,007. Globe Life Inc. has a 12 month low of $69.68 and a 12 month high of $99.62. The company has a 50-day moving average of $95.56. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.04. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Globe Life had a net margin of 16.57% and a return on equity of 12.21%. Globe Life’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.59 earnings per share. On average, equities analysts expect that Globe Life Inc. will post 6.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were issued a $0.172 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.70%. Globe Life’s dividend payout ratio (DPR) is currently 11.26%.

Several hedge funds have recently bought and sold shares of the company. Cetera Advisor Networks LLC bought a new position in shares of Globe Life in the third quarter worth about $404,000. Goelzer Investment Management Inc. acquired a new position in shares of Globe Life in the third quarter valued at approximately $445,000. Tiedemann Advisors LLC acquired a new position in shares of Globe Life in the third quarter valued at approximately $390,000. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Globe Life in the third quarter valued at approximately $366,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of Globe Life in the third quarter valued at approximately $16,529,000. 74.05% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on GL shares. Credit Suisse Group started coverage on shares of Globe Life in a report on Friday, September 20th. They issued an “outperform” rating and a $114.00 price objective on the stock. UBS Group decreased their price objective on shares of Globe Life from $85.00 to $84.00 and set a “sell” rating on the stock in a report on Thursday, October 10th. Zacks Investment Research upgraded shares of Globe Life from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, September 3rd. Finally, ValuEngine upgraded shares of Globe Life from a “sell” rating to a “hold” rating in a report on Friday, November 1st.

Globe Life Company Profile

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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