Aigen Investment Management LP Buys Shares of 7,080 Globe Life Inc. (NYSE:GL)

Aigen Investment Management LP bought a new stake in Globe Life Inc. (NYSE:GL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,080 shares of the company’s stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Globe Life by 7.7% in the 3rd quarter. UMB Bank n.a. now owns 1,357 shares of the company’s stock valued at $144,000 after purchasing an additional 97 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Globe Life by 4.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,607 shares of the company’s stock valued at $382,000 after acquiring an additional 166 shares during the last quarter. TrueWealth Advisors LLC increased its stake in shares of Globe Life by 1.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 13,141 shares of the company’s stock valued at $1,392,000 after acquiring an additional 170 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Globe Life by 7.7% during the 3rd quarter. Ballentine Partners LLC now owns 2,682 shares of the company’s stock valued at $284,000 after acquiring an additional 191 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its stake in shares of Globe Life by 33.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 806 shares of the company’s stock valued at $66,000 after acquiring an additional 201 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GL has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Globe Life from $90.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods upped their price objective on shares of Globe Life from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Morgan Stanley upped their price objective on shares of Globe Life from $110.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Piper Sandler increased their target price on shares of Globe Life from $118.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, TD Cowen initiated coverage on shares of Globe Life in a research report on Wednesday, October 9th. They set a “buy” rating and a $150.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

Globe Life Stock Down 0.3 %

NYSE GL opened at $110.07 on Thursday. The stock has a market cap of $9.24 billion, a PE ratio of 9.31 and a beta of 0.81. Globe Life Inc. has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. The business has a 50 day moving average price of $106.75 and a two-hundred day moving average price of $94.26. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.43. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. Globe Life’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.71 EPS. As a group, sell-side analysts predict that Globe Life Inc. will post 12.32 EPS for the current fiscal year.

Globe Life Profile

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.