Kingsview Wealth Management LLC Purchases 3,030 Shares of Globe Life Inc. $GL

Kingsview Wealth Management LLC grew its holdings in Globe Life Inc. (NYSE:GL) by 14.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,355 shares of the company’s stock after purchasing an additional 3,030 shares during the period. Kingsview Wealth Management LLC’s holdings in Globe Life were worth $3,027,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GL. Global Assets Advisory LLC bought a new stake in Globe Life during the 2nd quarter worth about $25,000. AdvisorNet Financial Inc grew its stake 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 in the last quarter. Assetmark Inc. increased its position in shares of Globe Life by 777.8% during the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after purchasing an additional 210 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Globe Life during the second quarter worth $39,000. Finally, SouthState Corp bought a new stake in shares of Globe Life in the 1st quarter valued at about $43,000. Institutional investors own 81.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on GL shares. Truist Financial lifted their price objective 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. Keefe, Bruyette & Woods upped their target price on Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. BMO Capital Markets reissued a “market perform” rating and issued a $149.00 price objective (up from $114.00) on shares of Globe Life in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their target price on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Morgan Stanley reduced their price objective on Globe Life from $179.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $153.33.

Globe Life Trading Up 0.4%

Shares of GL stock opened at $131.95 on Wednesday. The company has a 50 day moving average of $137.11 and a 200-day moving average of $131.01. The firm has a market cap of $10.50 billion, a P/E ratio of 9.56 and a beta of 0.55. Globe Life Inc. has a 12-month low of $100.27 and a 12-month high of $147.83. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.43.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.54 by $0.27. The firm 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 last year, the firm earned $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. Sell-side analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Announces Dividend

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