Candriam S.C.A. Invests $18 Million in Globe Life Inc. $GL

Candriam S.C.A. bought a new stake in Globe Life Inc. (NYSE:GL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 144,789 shares of the company’s stock, valued at approximately $17,997,000. Candriam S.C.A. owned about 0.18% of Globe Life as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GL. Geode Capital Management LLC boosted its holdings in shares of Globe Life by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,722,768 shares of the company’s stock worth $339,875,000 after purchasing an additional 76,995 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Globe Life by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,741,131 shares of the company’s stock worth $229,323,000 after buying an additional 148,397 shares in the last quarter. Bank of New York Mellon Corp grew its position in Globe Life by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,248,025 shares of the company’s stock valued at $155,117,000 after acquiring an additional 43,095 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Globe Life by 35.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,025,984 shares of the company’s stock worth $135,143,000 after acquiring an additional 271,253 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Globe Life during the first quarter worth approximately $131,608,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GL shares. Wells Fargo & Company cut their price objective on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. BMO Capital Markets restated a “market perform” rating and set a $149.00 price target (up from $114.00) on shares of Globe Life in a research report on Wednesday, July 30th. Truist Financial lifted their price objective on Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Cfra Research raised Globe Life to a “moderate buy” rating in a research note on Friday, July 25th. Finally, Morgan Stanley set a $179.00 price target on Globe Life and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.56.

Globe Life Stock Performance

Shares of NYSE:GL opened at $133.12 on Friday. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 9.65 and a beta of 0.55. The company has a 50-day moving average price of $137.62 and a 200-day moving average price of $130.68. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. Globe Life Inc. has a 12 month low of $100.27 and a 12 month high of $147.83.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $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 anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 5th will be paid a dividend of $0.27 per share. 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 payout ratio is 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.