Globe Life (NYSE:GL) posted its quarterly earnings data on Tuesday. The company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.03, MarketWatch Earnings reports. Globe Life had a return on equity of 8.69% and a net margin of 15.29%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $1.65 EPS. Globe Life’s revenue was up 7.6% compared to the same quarter last year.
GL opened at $93.85 on Thursday. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 13.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50 day simple moving average of $99.92. Globe Life has a 1-year low of $74.44 and a 1-year high of $108.22.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 30th. Shareholders of record on Monday, July 5th will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, July 1st.
In other news, insider Kenneth J. Matson sold 17,000 shares of Globe Life stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $103.03, for a total transaction of $1,751,510.00. Following the sale, the insider now owns 46,693 shares of the company’s stock, valued at approximately $4,810,779.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven John Dichiaro sold 30,000 shares of Globe Life stock in a transaction that occurred on Thursday, May 20th. The shares were sold at an average price of $104.47, for a total transaction of $3,134,100.00. Following the sale, the insider now directly owns 47,973 shares in the company, valued at approximately $5,011,739.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 205,000 shares of company stock worth $21,506,740. Corporate insiders own 4.30% 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 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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