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

Los Angeles Capital Management LLC reduced its stake in shares of Globe Life Inc. (NYSE:GL) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,309 shares of the company’s stock after selling 8,550 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Globe Life worth $6,377,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Global Assets Advisory LLC purchased a new stake in Globe Life during the second quarter worth about $25,000. AdvisorNet Financial Inc boosted its stake 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 acquiring an additional 84 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Globe Life by 777.8% in the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after acquiring an additional 210 shares during the period. TD Private Client Wealth LLC purchased a new position in Globe Life in the 2nd quarter valued at approximately $39,000. Finally, SouthState Corp purchased a new position in Globe Life in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Globe Life Price Performance

NYSE:GL opened at $132.32 on Monday. Globe Life Inc. has a 12-month low of $100.27 and a 12-month high of $147.83. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 9.59 and a beta of 0.55. The company’s 50-day moving average is $138.21 and its two-hundred day moving average is $130.51. 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 posted its quarterly earnings data 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. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. During the same quarter in the previous year, the business posted $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS. FY 2025 guidance at 14.400-14.600 EPS. Research analysts expect that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on GL shares. Wells Fargo & Company decreased their target price on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Keefe, Bruyette & Woods boosted their price objective 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. Truist Financial raised their target price on shares of Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 24th. BMO Capital Markets restated a “market perform” rating and set a $149.00 target price (up previously from $114.00) on shares of Globe Life in a research report on Wednesday, July 30th. Finally, Cfra Research raised shares of Globe Life to a “moderate buy” rating in a report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.