Globe Life Inc. (NYSE:GL) EVP Vern D. Herbel sold 50,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $92.25, for a total transaction of $4,612,500.00. Following the completion of the transaction, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at approximately $4,612,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:GL traded up $0.61 during midday trading on Friday, reaching $95.34. The company’s stock had a trading volume of 778 shares, compared to its average volume of 402,574. The firm has a market capitalization of $10.29 billion, a P/E ratio of 15.52, a PEG ratio of 1.84 and a beta of 0.95. Globe Life Inc. has a twelve month low of $69.68 and a twelve month high of $95.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06.
Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.02. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Globe Life had a net margin of 16.26% and a return on equity of 12.34%. Equities analysts anticipate that Globe Life Inc. will post 6.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be given a dividend of $0.172 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.69 annualized dividend and a yield of 0.72%. Globe Life’s dividend payout ratio is presently 11.26%.
Separately, 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 research note on Tuesday, September 3rd.
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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