Globe Life Inc. (GL) to Distribute Quarterly Dividend of $0.33 on October 30th

Globe Life Inc. (NYSE:GL) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, October 5th will be given a dividend of $0.33 per share on Friday, October 30th. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, October 5th.

Globe Life has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. Globe Life has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Globe Life to earn $16.52 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 8.0%.

Globe Life Trading Up 0.0%

Shares of GL stock opened at $165.90 on Friday. Globe Life has a twelve month low of $127.85 and a twelve month high of $191.55. The stock’s fifty day simple moving average is $174.62 and its 200 day simple moving average is $164.29. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $12.75 billion, a P/E ratio of 11.02 and a beta of 0.44.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.52%. Globe Life’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, sell-side analysts predict that Globe Life will post 15.71 EPS for the current fiscal year.

Insider Activity

In related news, CEO James Darden sold 50,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $182.43, for a total value of $9,121,500.00. Following the transaction, the chief executive officer owned 58,451 shares in the company, valued at $10,663,215.93. The trade was a 46.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Hensley sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the sale, the executive vice president directly owned 12,384 shares in the company, valued at $2,106,146.88. This trade represents a 44.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 143,650 shares of company stock worth $25,793,717 over the last ninety days. Corporate insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

Several institutional investors have recently added to or reduced their stakes in GL. QRG Capital Management Inc. raised its stake in shares of Globe Life by 16.7% in the second quarter. QRG Capital Management Inc. now owns 7,790 shares of the company’s stock worth $1,392,000 after purchasing an additional 1,113 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Globe Life by 3.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 130,419 shares of the company’s stock valued at $23,303,000 after acquiring an additional 4,201 shares in the last quarter. State Street Corp boosted its holdings in Globe Life by 2.1% during the 2nd quarter. State Street Corp now owns 3,735,409 shares of the company’s stock worth $667,443,000 after acquiring an additional 76,745 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Globe Life by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 57,927 shares of the company’s stock valued at $10,350,000 after purchasing an additional 553 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Globe Life by 7.2% during the second quarter. Sequoia Financial Advisors LLC now owns 29,470 shares of the company’s stock worth $5,266,000 after purchasing an additional 1,973 shares during the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

About Globe Life

Globe Life Inc (NYSE: GL) is an insurance holding company that provides life and supplemental health insurance products to individuals and families in the United States. Its offerings include term and whole life insurance, mortgage protection coverage, accident and supplemental health policies, and Medicare supplement insurance.

The company distributes its products through a network of insurance agencies, independent agents, and direct-to-consumer channels. Its principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, and Family Heritage Life Insurance Company.