Globe Life Inc. (NYSE:GL) Receives Average Rating of “Moderate Buy” from Analysts

Globe Life Inc. (NYSE:GL) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $155.5556.

Several research firms have issued reports on GL. Piper Sandler reaffirmed an “overweight” rating and set a $167.00 price objective on shares of Globe Life in a research note on Friday, November 21st. Keefe, Bruyette & Woods upped their price target on shares of Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. 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. Wells Fargo & Company cut their target price on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Weiss Ratings cut Globe Life from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday.

Institutional Trading of Globe Life

Hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in Globe Life in the 3rd quarter valued at approximately $1,183,000. WBI Investments LLC increased its stake in shares of Globe Life by 165.5% in the third quarter. WBI Investments LLC now owns 4,902 shares of the company’s stock worth $701,000 after acquiring an additional 3,056 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Globe Life by 4.8% during the third quarter. Captrust Financial Advisors now owns 15,683 shares of the company’s stock worth $2,242,000 after acquiring an additional 722 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Globe Life by 26.7% during the third quarter. Coldstream Capital Management Inc. now owns 4,123 shares of the company’s stock valued at $589,000 after purchasing an additional 869 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Globe Life during the third quarter valued at $1,475,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

Globe Life Stock Performance

GL opened at $134.97 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.43. The firm has a market cap of $10.74 billion, a PE ratio of 9.78 and a beta of 0.55. The business has a fifty day simple moving average of $135.88 and a 200-day simple moving average of $131.45. Globe Life has a fifty-two week low of $100.27 and a fifty-two week high of $147.83.

Globe Life (NYSE:GL) last announced its 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. Globe Life had a return on equity of 22.12% and a net margin of 19.36%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior 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. As a group, equities analysts predict that Globe Life will post 13.87 EPS for the current fiscal year.

Globe Life Announces Dividend

The firm 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. The ex-dividend date is Monday, January 5th. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is presently 7.83%.

Globe Life Company 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.