Globe Life Inc. $GL Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Globe Life Inc. (NYSE:GL) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 1,248,025 shares of the company’s stock after acquiring an additional 43,095 shares during the period. Bank of New York Mellon Corp’s holdings in Globe Life were worth $155,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GL. Global Assets Advisory LLC acquired a new stake in Globe Life during the 2nd quarter worth approximately $25,000. AdvisorNet Financial Inc increased its position in Globe Life by 60.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. Assetmark Inc. increased its position in Globe Life by 777.8% during the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after purchasing an additional 210 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in Globe Life during the 2nd quarter worth approximately $39,000. Finally, SouthState Corp acquired a new stake in Globe Life during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Up 0.3%

Shares of NYSE:GL opened at $133.72 on Thursday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.43. Globe Life Inc. has a 52-week low of $100.27 and a 52-week high of $147.83. The company has a 50 day moving average of $138.53 and a two-hundred day moving average of $130.28. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 9.69 and a beta of 0.55.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.27. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company 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 forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GL. Morgan Stanley set a $179.00 target price on shares of Globe Life and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Truist Financial increased their target price 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 lowered 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 report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Globe Life in a research report on Wednesday, October 8th. Finally, Cfra Research raised shares of 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $153.56.

Globe Life 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.