Globe Life Inc. $GL Holdings Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Globe Life Inc. (NYSE:GL) by 5.5% in the 2nd quarter, Holdings Channel reports. The firm owned 20,244 shares of the company’s stock after acquiring an additional 1,047 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Globe Life were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GL. Global Assets Advisory LLC acquired a new position in Globe Life during the 2nd quarter valued at approximately $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 last quarter. Assetmark Inc. boosted its holdings in shares of Globe Life by 777.8% during the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after acquiring an additional 210 shares during the period. TD Private Client Wealth LLC bought a new position in shares of Globe Life during the second quarter worth about $39,000. Finally, SouthState Corp bought a new position in shares of Globe Life during the first quarter worth about $43,000. Institutional investors own 81.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GL shares. Keefe, Bruyette & Woods boosted their target price on shares of Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Truist Financial lifted their price target on Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 24th. Cfra Research raised Globe Life to a “moderate buy” rating in a report on Friday, July 25th. Morgan Stanley lowered their target price on Globe Life from $179.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Globe Life in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.33.

Globe Life Price Performance

Shares of NYSE GL opened at $130.37 on Friday. The firm has a 50-day moving average of $136.70 and a two-hundred day moving average of $131.00. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 9.45 and a beta of 0.55. 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 twelve month low of $100.27 and a twelve month high of $147.83.

Globe Life (NYSE:GL) last released 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. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates 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 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. FY 2025 guidance at 14.400-14.600 EPS. As a group, analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

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 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 dividend payout ratio (DPR) is currently 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.