First Trust Advisors LP Has $26.14 Million Stake in Globe Life Inc. $GL

First Trust Advisors LP lowered its holdings in shares of Globe Life Inc. (NYSE:GL) by 30.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,286 shares of the company’s stock after selling 94,190 shares during the period. First Trust Advisors LP owned about 0.26% of Globe Life worth $26,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GL. Global Assets Advisory LLC bought a new position in shares of Globe Life during the 2nd quarter worth about $25,000. AdvisorNet Financial Inc raised its position in 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 purchasing an additional 84 shares in the last quarter. Assetmark Inc. raised 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 in the last quarter. TD Private Client Wealth LLC bought a new position in Globe Life during the second quarter worth about $39,000. Finally, SouthState Corp bought a new position in Globe Life during the first quarter worth about $43,000. Institutional investors own 81.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $167.00 price objective on shares of Globe Life in a research note on Friday, November 21st. Keefe, Bruyette & Woods increased their price objective on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Wells Fargo & Company cut their price objective on Globe Life from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Truist Financial upped 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Globe Life in a research report on Monday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.75.

Globe Life Stock Performance

Globe Life stock opened at $134.82 on Thursday. The stock has a 50-day simple moving average of $133.82 and a 200 day simple moving average of $132.27. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 9.77 and a beta of 0.48. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.41. Globe Life Inc. has a 12-month low of $102.44 and a 12-month high of $147.83.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $4.81 EPS 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 21.81%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm 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. On average, research analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Announces Dividend

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

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.