Globe Life Inc. $GL Shares Sold by Equity Investment Corp

Equity Investment Corp lowered its position in shares of Globe Life Inc. (NYSE:GL) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 892,839 shares of the company’s stock after selling 36,233 shares during the quarter. Globe Life makes up approximately 2.3% of Equity Investment Corp’s investment portfolio, making the stock its 18th biggest position. Equity Investment Corp’s holdings in Globe Life were worth $110,971,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new stake in Globe Life during the second quarter worth approximately $25,000. AdvisorNet Financial Inc boosted its holdings in shares of Globe Life by 60.0% during the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 84 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Globe Life by 777.8% during the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after purchasing an additional 210 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Globe Life during the second quarter worth $39,000. Finally, SouthState Corp acquired a new stake in Globe Life in the 1st quarter worth about $43,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GL shares. Keefe, Bruyette & Woods raised their price target on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $179.00 target price on shares of Globe Life and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Cfra Research raised shares of Globe Life to a “moderate buy” rating in a research report on Friday, July 25th. BMO Capital Markets reiterated a “market perform” rating and issued a $149.00 price target (up previously from $114.00) on shares of Globe Life in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Globe Life in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.56.

Globe Life Trading Up 1.9%

GL opened at $133.18 on Wednesday. The stock has a market capitalization of $10.79 billion, a PE ratio of 9.65 and a beta of 0.55. The firm’s fifty day moving average price is $138.67 and its 200 day moving average price is $130.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.06 and a quick ratio of 0.06. Globe Life Inc. has a 12-month low of $100.27 and a 12-month high of $147.83.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.27. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. During the same period in the prior year, the company posted $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS. FY 2025 guidance at 14.400-14.600 EPS. As a group, research analysts expect that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.27 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.08 annualized dividend and a yield of 0.8%. Globe Life’s dividend payout ratio is presently 7.83%.

Globe Life Company Profile

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.