State Board of Administration of Florida Retirement System Has $9.54 Million Stock Holdings in Globe Life Inc. $GL

State Board of Administration of Florida Retirement System trimmed its stake in shares of Globe Life Inc. (NYSE:GL) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 76,788 shares of the company’s stock after selling 5,876 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.09% of Globe Life worth $9,544,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new stake in Globe Life during the first quarter worth about $893,000. Cresset Asset Management LLC acquired a new position in shares of Globe Life in the 1st quarter valued at approximately $253,000. Royal Bank of Canada lifted its holdings in shares of Globe Life by 14.4% during the 1st quarter. Royal Bank of Canada now owns 175,722 shares of the company’s stock worth $23,147,000 after acquiring an additional 22,143 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in shares of Globe Life during the 1st quarter worth approximately $890,000. Finally, National Bank of Canada FI increased its stake in Globe Life by 4.2% in the first quarter. National Bank of Canada FI now owns 54,273 shares of the company’s stock valued at $7,149,000 after acquiring an additional 2,182 shares during the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on GL. 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. Piper Sandler reissued an “overweight” rating and set a $167.00 price target on shares of Globe Life in a report on Friday, November 21st. Keefe, Bruyette & Woods raised their price objective on Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Globe Life in a research report on Monday. Finally, 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 report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.56.

Globe Life Trading Down 1.1%

NYSE GL opened at $131.12 on Wednesday. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 9.50 and a beta of 0.48. Globe Life Inc. has a twelve month low of $100.27 and a twelve month high of $147.83. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $135.11 and its 200 day moving average is $131.86.

Globe Life (NYSE:GL) last posted 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. Globe Life had a return on equity of 21.81% and a net margin of 19.36%.The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company 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. As a group, sell-side analysts expect that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 5th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, January 5th. Globe Life’s dividend payout ratio (DPR) 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.