Los Angeles Capital Management LLC Cuts Stake in Globe Life Inc. $GL

Los Angeles Capital Management LLC trimmed its stake in Globe Life Inc. (NYSE:GL) by 14.3% in the second quarter, Holdings Channel.com reports. The firm owned 51,309 shares of the company’s stock after selling 8,550 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Globe Life were worth $6,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Assets Advisory LLC purchased a new position in Globe Life during the second quarter worth approximately $25,000. AdvisorNet Financial Inc increased its holdings in shares of Globe Life by 60.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after buying an additional 84 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Globe Life by 777.8% during the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after buying an additional 210 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Globe Life in the 2nd quarter worth $39,000. Finally, SouthState Corp acquired a new position in Globe Life in the first quarter valued at $43,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Trading Up 0.4%

GL opened at $132.32 on Monday. The firm’s 50 day moving average is $138.21 and its 200-day moving average is $130.51. Globe Life Inc. has a 52-week low of $100.27 and a 52-week high of $147.83. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $10.53 billion, a P/E ratio of 9.59 and a beta of 0.55.

Globe Life (NYSE:GL) last released its quarterly earnings results 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 net margin of 19.36% and a return on equity of 22.12%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned $3.44 EPS. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS. FY 2025 guidance at 14.400-14.600 EPS. Analysts expect that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on GL. Morgan Stanley set a $179.00 price target on Globe Life and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on shares of Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Globe Life in a report on Wednesday, October 8th. Cfra Research upgraded shares of Globe Life to a “moderate buy” rating in a research note on Friday, July 25th. Finally, Truist Financial increased their price objective on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.56.

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.