Focus Partners Advisor Solutions LLC Has $883,000 Stake in Globe Life Inc. $GL

Focus Partners Advisor Solutions LLC raised its stake in Globe Life Inc. (NYSE:GL) by 133.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,103 shares of the company’s stock after buying an additional 4,056 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Globe Life were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in Globe Life in the second quarter valued at about $25,000. AdvisorNet Financial Inc lifted 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 buying an additional 84 shares during the period. TD Private Client Wealth LLC acquired a new position in Globe Life in the second quarter valued at about $39,000. SouthState Corp acquired a new position in Globe Life in the first quarter valued at about $43,000. Finally, Ransom Advisory Ltd acquired a new position in Globe Life in the first quarter valued at about $50,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Down 0.5%

Shares of Globe Life stock opened at $134.33 on Wednesday. The business’s 50 day simple moving average is $139.47 and its 200 day simple moving average is $129.82. Globe Life Inc. has a 52-week low of $100.27 and a 52-week high of $147.83. The firm has a market cap of $10.88 billion, a PE ratio of 9.73 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06.

Globe Life (NYSE:GL) last announced its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter 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. On average, analysts predict that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 3rd. Globe Life’s dividend payout ratio (DPR) is currently 7.83%.

Analyst Ratings Changes

GL has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Globe Life in a research report on Wednesday, October 8th. Truist Financial raised their price target on Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Globe Life from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price target on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Cfra Research raised Globe Life to a “moderate buy” rating in a research report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Globe Life presently has an average rating of “Moderate Buy” and a consensus target price of $153.56.

Insider Buying and Selling

In related news, CEO Frank M. Svoboda sold 12,500 shares of Globe Life stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $141.38, for a total value of $1,767,250.00. Following the sale, the chief executive officer owned 32,747 shares of the company’s stock, valued at approximately $4,629,770.86. This trade represents a 27.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Clay Majors sold 10,000 shares of Globe Life stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $137.41, for a total value of $1,374,100.00. Following the completion of the sale, the executive vice president directly owned 47,066 shares in the company, valued at approximately $6,467,339.06. This represents a 17.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.97% of the stock is currently owned by company insiders.

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.