Schroder Investment Management Group Trims Stock Holdings in Globe Life Inc. $GL

Schroder Investment Management Group lowered its stake in shares of Globe Life Inc. (NYSE:GL) by 21.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,625 shares of the company’s stock after selling 41,427 shares during the period. Schroder Investment Management Group’s holdings in Globe Life were worth $18,721,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GL. Cetera Investment Advisers purchased a new position in Globe Life in the 1st quarter valued at about $967,000. Citizens Financial Group Inc. RI acquired a new position in shares of Globe Life in the first quarter valued at approximately $890,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Globe Life by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 781,409 shares of the company’s stock valued at $102,927,000 after buying an additional 3,312 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Globe Life by 20.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,309 shares of the company’s stock valued at $11,369,000 after buying an additional 14,546 shares during the period. Finally, Citigroup Inc. boosted its position in Globe Life by 54.7% during the first quarter. Citigroup Inc. now owns 76,389 shares of the company’s stock worth $10,062,000 after acquiring an additional 27,021 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Down 1.1%

Shares of NYSE:GL opened at $131.12 on Wednesday. The stock has a 50-day simple moving average of $135.11 and a 200-day simple moving average of $131.86. The stock has a market capitalization of $10.44 billion, a P/E ratio of 9.50 and a beta of 0.48. Globe Life Inc. has a 1 year low of $100.27 and a 1 year high of $147.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.07.

Globe Life (NYSE:GL) last announced its quarterly earnings results 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. Globe Life had a net margin of 19.36% and a return on equity of 21.81%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company posted $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. Equities analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 5th will be given 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 of this dividend is Monday, January 5th. Globe Life’s dividend payout ratio is 7.83%.

Analysts Set New Price Targets

GL has been the subject of several analyst reports. Truist Financial boosted their price target on Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $167.00 price objective on shares of Globe Life in a research report on Friday, November 21st. Wells Fargo & Company dropped their target price on Globe Life from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Morgan Stanley decreased their price target on Globe Life from $179.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Finally, Keefe, Bruyette & Woods upped 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.56.

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.