MTM Investment Management LLC Acquires New Position in Globe Life Inc. $GL

MTM Investment Management LLC purchased a new position in Globe Life Inc. (NYSE:GL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 490 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds have also recently made changes to their positions in GL. Global Assets Advisory LLC acquired a new stake in Globe Life during the 2nd quarter worth about $25,000. AdvisorNet Financial Inc raised its position in 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 stake in shares of Globe Life by 777.8% in the second 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 acquired a new position in Globe Life during the second quarter valued at $39,000. Finally, SouthState Corp purchased a new stake in Globe Life in the first quarter valued at $43,000. 81.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GL shares. Cfra Research raised Globe Life to a “moderate buy” rating in a report on Friday, July 25th. BMO Capital Markets reissued a “market perform” rating and issued a $149.00 price target (up from $114.00) on shares of Globe Life in a report on Wednesday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Globe Life in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Truist Financial raised their price target on shares of Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Globe Life presently has an average rating of “Moderate Buy” and a consensus target price of $153.56.

Globe Life Price Performance

Shares of NYSE GL opened at $131.75 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a fifty day moving average of $137.46 and a 200 day moving average of $130.84. The firm has a market cap of $10.49 billion, a PE ratio of 9.55 and a beta of 0.55. Globe Life Inc. has a one year low of $100.27 and a one year high of $147.83.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.27. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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 last year, the firm 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. As a group, research analysts predict that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Announces Dividend

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

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.