Edgestream Partners L.P. Sells 39,976 Shares of Globe Life Inc. $GL

Edgestream Partners L.P. decreased its position in Globe Life Inc. (NYSE:GL) by 69.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,730 shares of the company’s stock after selling 39,976 shares during the quarter. Edgestream Partners L.P.’s holdings in Globe Life were worth $2,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Global Assets Advisory LLC bought a new stake in Globe Life during the 2nd quarter worth approximately $25,000. AdvisorNet Financial Inc lifted its stake in Globe Life by 60.0% in 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% in the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after purchasing an additional 210 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in Globe Life in the second quarter worth about $39,000. Finally, SouthState Corp bought a new stake in shares of Globe Life in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Globe Life Trading Up 0.0%

Shares of Globe Life stock opened at $130.84 on Friday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 9.48 and a beta of 0.48. 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 firm’s 50 day simple moving average is $134.61 and its two-hundred day simple moving average is $131.85. Globe Life Inc. has a 12-month low of $100.62 and a 12-month high of $147.83.

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

Globe Life Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. Globe Life’s dividend payout ratio is presently 7.83%.

Wall Street Analysts Forecast Growth

GL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Piper Sandler reiterated an “overweight” rating and set a $167.00 price objective on shares of Globe Life in a report on Friday, November 21st. 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 “hold (c+)” rating on shares of Globe Life in a research report on Monday. Finally, Truist Financial increased their price objective on Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.