Bank of Montreal Can decreased its holdings in shares of Globe Life Inc. (NYSE:GL) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,176 shares of the financial services provider’s stock after selling 11,447 shares during the period. Bank of Montreal Can owned about 0.49% of Globe Life worth $11,620,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Globe Life by 25.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,665 shares of the financial services provider’s stock worth $205,000 after buying an additional 1,125 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Globe Life by 25.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,665 shares of the financial services provider’s stock worth $205,000 after buying an additional 1,125 shares during the period. Bank of Montreal Can boosted its position in shares of Globe Life by 4.6% during the fourth quarter. Bank of Montreal Can now owns 40,150 shares of the financial services provider’s stock worth $1,658,000 after buying an additional 1,730 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Globe Life during the third quarter worth about $476,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Globe Life by 209.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,297 shares of the financial services provider’s stock worth $210,000 after buying an additional 3,869 shares during the period.

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A number of research analysts have recently weighed in on GL shares. ValuEngine lowered Globe Life from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Globe Life from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.80.

NYSE GL opened at $39.84 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $4.06 billion, a PE ratio of 19.07, a PEG ratio of 1.68 and a beta of 0.97. Globe Life Inc. has a one year low of $36.53 and a one year high of $46.60.

Globe Life (NYSE:GL) last released its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The firm had revenue of $405.92 million for the quarter, compared to analyst estimates of $397.70 million. Globe Life had a return on equity of 6.98% and a net margin of 14.54%. On average, equities analysts forecast that Globe Life Inc. will post 2.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be issued a $0.350 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, March 14th. Globe Life’s dividend payout ratio (DPR) is presently 62.06%.

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