Globe Life Inc. $GL Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Globe Life Inc. (NYSE:GL) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,302 shares of the company’s stock after purchasing an additional 12,099 shares during the period. Envestnet Asset Management Inc.’s holdings in Globe Life were worth $12,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global Assets Advisory LLC acquired a new stake in Globe Life in the second quarter worth $25,000. AdvisorNet Financial Inc grew its position in shares of Globe Life by 60.0% during the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 84 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Globe Life during the second quarter worth about $39,000. SouthState Corp acquired a new stake in shares of Globe Life in the 1st quarter worth about $43,000. Finally, Ransom Advisory Ltd bought a new stake in Globe Life in the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Price Performance

Shares of NYSE GL opened at $132.32 on Friday. Globe Life Inc. has a twelve month low of $100.27 and a twelve 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. The firm has a 50-day moving average of $138.21 and a two-hundred day moving average of $130.46. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 9.59 and a beta of 0.55.

Globe Life (NYSE:GL) last announced 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. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company posted $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. As a group, analysts expect that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently disclosed 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 is Monday, January 5th. Globe Life’s dividend payout ratio is 7.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GL shares. Wells Fargo & Company dropped their price target on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Keefe, Bruyette & Woods raised their target price on Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Cfra Research raised Globe Life to a “moderate buy” rating in a research note on Friday, July 25th. 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. Finally, BMO Capital Markets reissued a “market perform” rating and set a $149.00 price target (up from $114.00) on shares of Globe Life in a report on Wednesday, July 30th. 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 target price of $153.56.

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.