Stance Capital LLC Purchases Shares of 15,962 Globe Life Inc. $GL

Stance Capital LLC bought a new position in Globe Life Inc. (NYSE:GL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 15,962 shares of the company’s stock, valued at approximately $1,984,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cresset Asset Management LLC bought a new position in shares of Globe Life in the 1st quarter worth $253,000. Royal Bank of Canada increased its stake in Globe Life by 14.4% during the 1st quarter. Royal Bank of Canada now owns 175,722 shares of the company’s stock valued at $23,147,000 after purchasing an additional 22,143 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in Globe Life during the first quarter worth $4,949,000. Sei Investments Co. raised its holdings in Globe Life by 9.1% during the first quarter. Sei Investments Co. now owns 23,173 shares of the company’s stock worth $2,896,000 after buying an additional 1,925 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Globe Life by 54.7% in the first quarter. Citigroup Inc. now owns 76,389 shares of the company’s stock valued at $10,062,000 after buying an additional 27,021 shares in the last quarter. 81.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GL. Morgan Stanley lowered their target price on shares of Globe Life from $179.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Globe Life in a research note on Monday, December 8th. Cowen reaffirmed a “buy” rating on shares of Globe Life in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $167.00 price target on shares of Globe Life in a report on Friday, November 21st. Finally, Wells Fargo & Company dropped their price objective on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Globe Life has a consensus rating of “Moderate Buy” and an average price target of $165.00.

Globe Life Trading Up 0.3%

NYSE:GL opened at $139.45 on Friday. The company has a market cap of $11.10 billion, a PE ratio of 10.10 and a beta of 0.48. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The company has a 50 day simple moving average of $133.84 and a two-hundred day simple moving average of $132.53. Globe Life Inc. has a 12 month low of $103.71 and a 12 month high of $147.83.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.27. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Globe Life had a return on equity of 21.81% and a net margin of 19.36%.During the same quarter in the prior year, the business earned $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. Research analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.08 annualized dividend and a dividend 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.