Globe Life Inc. $GL Shares Purchased by Allworth Financial LP

Allworth Financial LP grew its holdings in Globe Life Inc. (NYSE:GL) by 9,535.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,021 shares of the company’s stock after purchasing an additional 54,450 shares during the period. Allworth Financial LP owned approximately 0.07% of Globe Life worth $6,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GL. Dimensional Fund Advisors LP raised its stake in shares of Globe Life by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,741,131 shares of the company’s stock valued at $229,323,000 after acquiring an additional 148,397 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Globe Life by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,248,025 shares of the company’s stock worth $155,117,000 after purchasing an additional 43,095 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Globe Life by 35.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,025,984 shares of the company’s stock worth $135,143,000 after purchasing an additional 271,253 shares during the period. Nuveen LLC acquired a new stake in Globe Life in the 1st quarter valued at about $131,608,000. Finally, Pzena Investment Management LLC boosted its stake in shares of Globe Life by 0.5% in the 2nd quarter. Pzena Investment Management LLC now owns 945,983 shares of the company’s stock valued at $117,576,000 after buying an additional 5,103 shares during the period. 81.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GL has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Morgan Stanley set a $179.00 price objective on shares of Globe Life and gave the company an “overweight” rating in a research report on Tuesday, October 7th. BMO Capital Markets restated a “market perform” rating and issued a $149.00 price objective (up from $114.00) on shares of Globe Life in a report on Wednesday, July 30th. Truist Financial boosted their target price on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Globe Life in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Globe Life has an average rating of “Moderate Buy” and a consensus price target of $153.56.

Globe Life Price Performance

Shares of GL opened at $132.28 on Wednesday. Globe Life Inc. has a 1-year low of $100.27 and a 1-year high of $147.83. The stock has a market cap of $10.53 billion, a PE ratio of 9.59 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a fifty day moving average price of $137.91 and a 200 day moving average price of $130.64.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $4.81 earnings per share 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 company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous 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, sell-side analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

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