Morgan Stanley Cuts Globe Life (NYSE:GL) Price Target to $177.00

Globe Life (NYSE:GL) had its price target cut by Morgan Stanley from $179.00 to $177.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently commented on GL. Truist Financial boosted their target price on Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Globe Life in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. BMO Capital Markets reissued a “market perform” rating and set a $149.00 target price (up from $114.00) on shares of Globe Life in a research note on Wednesday, July 30th. Finally, Cfra Research upgraded shares of Globe Life to a “moderate buy” rating in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.33.

Globe Life Price Performance

Shares of GL opened at $130.76 on Monday. Globe Life has a one year low of $100.27 and a one year high of $147.83. The stock’s fifty day moving average is $136.94 and its 200-day moving average is $131.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 9.48 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, beating analysts’ consensus estimates of $4.54 by $0.27. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm posted $3.44 EPS. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS. FY 2025 guidance at 14.400-14.600 EPS. Equities analysts anticipate that Globe Life will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

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

Institutional Trading of Globe Life

Several hedge funds and other institutional investors have recently modified their holdings of GL. Global Assets Advisory LLC acquired a new stake in shares of Globe Life during the second quarter worth approximately $25,000. AdvisorNet Financial Inc increased its position in Globe Life by 60.0% in the 2nd 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. Mather Group LLC. purchased a new stake in shares of Globe Life during the 3rd quarter worth about $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Globe Life during the 2nd quarter worth about $28,000. Finally, Assetmark Inc. lifted its holdings in shares of Globe Life by 777.8% during the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

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.