Globe Life Inc. $GL Shares Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC boosted its stake in Globe Life Inc. (NYSE:GL) by 6.8% in the 2nd quarter, Holdings Channel reports. The firm owned 3,737 shares of the company’s stock after purchasing an additional 237 shares during the period. AdvisorShares Investments LLC’s holdings in Globe Life were worth $464,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Strs Ohio increased its holdings in Globe Life by 17.5% in the 2nd quarter. Strs Ohio now owns 18,952 shares of the company’s stock valued at $2,356,000 after purchasing an additional 2,824 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Globe Life in the 2nd quarter valued at approximately $352,000. Atria Investments Inc boosted its position in Globe Life by 40.0% in the 2nd quarter. Atria Investments Inc now owns 6,665 shares of the company’s stock valued at $828,000 after buying an additional 1,904 shares during the period. Assetmark Inc. boosted its position in Globe Life by 777.8% in the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after buying an additional 210 shares during the period. Finally, Spire Wealth Management boosted its position in Globe Life by 27.7% in the 2nd quarter. Spire Wealth Management now owns 2,123 shares of the company’s stock valued at $264,000 after buying an additional 461 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Globe Life in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Globe Life from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Morgan Stanley set a $179.00 price target on shares of Globe Life and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Wells Fargo & Company decreased their price target 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Globe Life has an average rating of “Moderate Buy” and an average price target of $153.56.

Globe Life Price Performance

Globe Life stock opened at $132.18 on Friday. The stock has a market cap of $10.71 billion, a P/E ratio of 9.58 and a beta of 0.55. The company has a fifty day simple moving average of $139.17 and a 200-day simple moving average of $129.92. Globe Life Inc. has a 12-month low of $100.27 and a 12-month high of $147.83. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43.

Globe Life (NYSE:GL) last released its quarterly earnings data 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 business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. 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. FY 2025 guidance at 14.400-14.600 EPS. Equities analysts expect that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. Globe Life’s payout ratio is 7.83%.

About Globe Life

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.