Hsbc Holdings PLC Has $18.14 Million Stake in Globe Life Inc. $GL

Hsbc Holdings PLC lessened its holdings in shares of Globe Life Inc. (NYSE:GL) by 13.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 146,226 shares of the company’s stock after selling 22,247 shares during the period. Hsbc Holdings PLC owned 0.18% of Globe Life worth $18,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GL. Global Assets Advisory LLC acquired a new position in Globe Life during the 2nd quarter worth about $25,000. AdvisorNet Financial Inc raised its stake in shares of Globe Life by 60.0% in the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 84 shares during the last quarter. Assetmark Inc. lifted its position in shares of Globe Life by 777.8% during the second 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 bought a new stake in shares of Globe Life during the second quarter valued at approximately $39,000. Finally, SouthState Corp acquired a new stake in shares of Globe Life in the first quarter valued at approximately $43,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Trading Down 1.1%

NYSE GL opened at $131.12 on Wednesday. Globe Life Inc. has a 12 month low of $100.27 and a 12 month high of $147.83. The stock has a 50-day simple moving average of $135.11 and a 200 day simple moving average of $131.86. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.44 billion, a PE ratio of 9.50 and a beta of 0.48.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.27. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Globe Life had a return on equity of 21.81% and a net margin of 19.36%.During the same period in the previous year, the company earned $3.44 EPS. 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. Research analysts forecast that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, January 5th. Globe Life’s dividend payout ratio is presently 7.83%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Piper Sandler reaffirmed an “overweight” rating and set a $167.00 price target on shares of Globe Life in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Globe Life in a report on Monday. Morgan Stanley dropped their price objective on Globe Life from $179.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Finally, Truist Financial upped their target price on shares of Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a research 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, Globe Life has a consensus rating of “Moderate Buy” and an average target price of $155.56.

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.