Globe Life (NYSE:GL) posted its earnings results on Tuesday. The company reported $1.85 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 business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis.
Shares of NYSE GL traded down $0.79 during midday trading on Thursday, reaching $93.06. The company had a trading volume of 17,841 shares, compared to its average volume of 433,563. Globe Life has a one year low of $74.44 and a one year high of $108.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 0.06. The company’s fifty day simple moving average is $99.92. The company has a market cap of $9.59 billion, a PE ratio of 13.39 and a beta of 1.14.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 30th. Stockholders 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 dividend yield of 0.85%. The ex-dividend date is Thursday, July 1st.
In other news, CEO Gary L. Coleman sold 24,000 shares of the business’s stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $105.59, for a total value of $2,534,160.00. Also, insider Steven John Dichiaro sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $104.47, for a total value of $3,134,100.00. Following the transaction, the insider now 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 three months, insiders sold 205,000 shares of company stock valued at $21,506,740. 4.30% of the stock is currently owned by corporate insiders.
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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