Impact Partnership Wealth LLC Acquires New Position in Globe Life Inc. $GL

Impact Partnership Wealth LLC acquired a new stake in shares of Globe Life Inc. (NYSE:GL) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,832 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Globe Life by 4.1% during the first quarter. Principal Financial Group Inc. now owns 101,679 shares of the company’s stock valued at $13,393,000 after buying an additional 3,960 shares during the period. DAVENPORT & Co LLC acquired a new position in Globe Life during the first quarter worth approximately $493,000. Atlas Capital Advisors Inc. acquired a new position in Globe Life during the first quarter worth approximately $893,000. Mirae Asset Global Investments Co. Ltd. increased its position in Globe Life by 8.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,711 shares of the company’s stock worth $1,260,000 after purchasing an additional 723 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new position in Globe Life during the first quarter worth approximately $253,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GL. Truist Financial upped their price target 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $149.00 price target (up previously from $114.00) on shares of Globe Life in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Globe Life in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Cfra Research raised shares of Globe Life to a “moderate buy” rating in a research report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Globe Life presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.56.

Globe Life Price Performance

Shares of GL stock opened at $132.18 on Friday. The company has a market capitalization of $10.71 billion, a PE ratio of 9.58 and a beta of 0.55. The firm has a fifty day simple moving average of $139.17 and a 200-day simple moving average of $129.92. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. Globe Life Inc. has a twelve month low of $100.27 and a twelve month high of $147.83.

Globe Life (NYSE:GL) last announced its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.27. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 firm earned $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. Equities research analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be paid a $0.27 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. Globe Life’s dividend payout ratio is 7.83%.

Globe Life 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.