Globe Life Inc. $GL Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its position in Globe Life Inc. (NYSE:GL) by 13.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 63,981 shares of the company’s stock after selling 9,748 shares during the quarter. Prudential Financial Inc. owned about 0.08% of Globe Life worth $7,272,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Globe Life by 2.9% in the second quarter. Geode Capital Management LLC now owns 2,722,768 shares of the company’s stock valued at $339,875,000 after acquiring an additional 76,995 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Globe Life by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,131 shares of the company’s stock valued at $229,323,000 after purchasing an additional 148,397 shares in the last quarter. Bank of New York Mellon Corp increased its position in Globe Life by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,248,025 shares of the company’s stock worth $155,117,000 after purchasing an additional 43,095 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Globe Life by 35.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,025,984 shares of the company’s stock worth $135,143,000 after buying an additional 271,253 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Globe Life during the 1st quarter worth approximately $131,608,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GL. Wells Fargo & Company dropped their price objective on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Morgan Stanley cut their price target on shares of Globe Life from $179.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Keefe, Bruyette & Woods raised their price objective on shares of Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Truist Financial upped their target price on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $167.00 target price on shares of Globe Life in a report on Friday, November 21st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Globe Life currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.56.

Globe Life Price Performance

Shares of NYSE GL opened at $134.73 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $135.67 and its 200 day moving average price is $131.63. Globe Life Inc. has a 52 week low of $100.27 and a 52 week high of $147.83. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 9.76 and a beta of 0.55.

Globe Life (NYSE:GL) last announced its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.27. The company had revenue of $1.51 billion during 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 quarter in the previous year, the business 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 forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, January 5th. Globe Life’s dividend payout ratio is 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.