Globe Life Inc. Declares Quarterly Dividend of $0.33 (NYSE:GL)

Globe Life Inc. (NYSE:GL) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, July 6th will be given a dividend of 0.33 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, July 6th.

Globe Life has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 20 years. Globe Life has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Globe Life to earn $16.63 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 7.9%.

Globe Life Stock Performance

Globe Life stock traded down $0.34 during mid-day trading on Friday, reaching $153.96. 59,829 shares of the company traded hands, compared to its average volume of 504,233. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07. Globe Life has a fifty-two week low of $116.73 and a fifty-two week high of $155.08. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 10.65 and a beta of 0.47. The firm’s fifty day moving average is $144.32 and its two-hundred day moving average is $139.98.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.46 by ($0.03). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Globe Life had a return on equity of 21.30% and a net margin of 19.38%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, equities research analysts expect that Globe Life will post 15.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GL. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $168.00 price target on shares of Globe Life in a research report on Thursday, March 26th. Wells Fargo & Company increased their price target on shares of Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Evercore set a $157.00 price target on shares of Globe Life in a research report on Wednesday, February 18th. Weiss Ratings cut shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Texas Capital raised shares of Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Globe Life has a consensus rating of “Buy” and a consensus price target of $172.67.

Globe Life Company Profile

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.