Jacobs Levy Equity Management Reduces $32M in Globe Life Inc. ($GL)
Key Points
- Jacobs Levy Equity Management changed its Globe Life Inc. ($GL) stake by 24.9% last quarter, cutting to 578,456 shares worth $96.46 million.
- Wall Street's consensus rating on $GL is Buy and an average price target of $175.91.
- $GL last traded around $166.76.
Jacobs Levy Equity Management reduced its position in Globe Life Inc. ($GL) by 24.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578,456 shares of Globe Life Inc. after selling 191,761 shares during the quarter. Jacobs Levy Equity Management's holdings in Globe Life Inc. were worth $96.46 million as of its most recent filing.
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About Globe Life Inc.
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States. It operates in three segments: Life Insurance, Supplemental Health Insurance, and Investments. The company offers whole, term, and other life insurance products, as well as life insurance for children; Medicare supplement and limited-benefit supplemental health insurance products, such as accident, cancer, critical illness, heart, intensive care, and other health products; and final expense, accidental death, mortgage protection, and hospital insurance products. It sells its products through direct-to-consumer channels, exclusive independent agents, general agency independent agents, and brokers. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.
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