Algert Global LLC Has $12.01 Million Stake in Globe Life Inc. $GL

Algert Global LLC lifted its holdings in Globe Life Inc. (NYSE:GL) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,987 shares of the company’s stock after purchasing an additional 5,530 shares during the quarter. Algert Global LLC owned about 0.11% of Globe Life worth $12,008,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GL. Norges Bank bought a new position in shares of Globe Life during the second quarter worth about $157,722,000. AQR Capital Management LLC grew its stake in shares of Globe Life by 98.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock worth $174,340,000 after acquiring an additional 696,548 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Globe Life during the 3rd quarter worth approximately $80,925,000. Westfield Capital Management Co. LP acquired a new stake in shares of Globe Life in the third quarter valued at approximately $61,569,000. Finally, Invesco Ltd. raised its holdings in shares of Globe Life by 3.9% in the second quarter. Invesco Ltd. now owns 3,921,439 shares of the company’s stock valued at $487,396,000 after purchasing an additional 147,644 shares during the last quarter. 81.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $176.00 target price on shares of Globe Life in a research report on Monday, December 15th. Truist Financial boosted their price target on shares of Globe Life from $158.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Weiss Ratings upgraded Globe Life from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on Globe Life from $180.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $167.00 target price on shares of Globe Life in a report on Friday, November 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Globe Life has a consensus rating of “Moderate Buy” and an average price target of $171.33.

Globe Life Price Performance

NYSE:GL opened at $138.51 on Monday. The company has a market cap of $10.89 billion, a P/E ratio of 9.84 and a beta of 0.46. The firm’s fifty day moving average price is $142.07 and its two-hundred day moving average price is $139.00. Globe Life Inc. has a one year low of $109.38 and a one year high of $152.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Globe Life had a return on equity of 21.30% and a net margin of 19.37%.The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.14 EPS. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. Equities analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 3rd will be given a $0.33 dividend. The ex-dividend date is Thursday, April 2nd. This is a positive change from Globe Life’s previous quarterly dividend of $0.27. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. Globe Life’s dividend payout ratio (DPR) is presently 7.67%.

Insiders Place Their Bets

In other news, CMO Jennifer Allison Haworth sold 10,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the sale, the chief marketing officer directly owned 17,479 shares of the company’s stock, valued at approximately $2,501,944.06. This represents a 36.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Edward Hensley sold 712 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $142.59, for a total value of $101,524.08. Following the completion of the transaction, the executive vice president owned 8,580 shares in the company, valued at $1,223,422.20. The trade was a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,186 shares of company stock valued at $13,358,379 in the last quarter. Company insiders own 1.97% of the company’s stock.

Globe Life Profile

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.