Globe Life Inc. $GL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in Globe Life Inc. (NYSE:GL) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,279,480 shares of the company’s stock after selling 108,729 shares during the quarter. Vanguard Group Inc. owned about 12.69% of Globe Life worth $1,277,637,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GL. Global Assets Advisory LLC purchased a new stake in shares of Globe Life during the 2nd quarter valued at approximately $25,000. AdvisorNet Financial Inc raised its position in Globe Life by 60.0% in the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Assetmark Inc. raised its position in Globe Life by 777.8% in the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after purchasing an additional 210 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Globe Life in the 2nd quarter valued at $39,000. Finally, SouthState Corp purchased a new position in shares of Globe Life during the 1st quarter worth $43,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating and issued a $149.00 price objective (up from $114.00) on shares of Globe Life in a report on Wednesday, July 30th. Piper Sandler reiterated an “overweight” rating and set a $167.00 price target on shares of Globe Life in a research report on Friday. Wells Fargo & Company decreased their price objective on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Truist Financial boosted their target price on Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and a consensus price target of $155.56.

Globe Life Stock Up 1.6%

Shares of GL opened at $132.50 on Friday. The company’s 50-day simple moving average is $136.51 and its 200-day simple moving average is $131.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06. Globe Life Inc. has a 1 year low of $100.27 and a 1 year high of $147.83. The stock has a market capitalization of $10.55 billion, a PE ratio of 9.60 and a beta of 0.55.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.27. The firm 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. Analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, January 5th. Globe Life’s dividend payout ratio (DPR) is presently 7.83%.

About Globe Life

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.