Hsbc Holdings PLC Increases Position in Globe Life Inc. $GL

Hsbc Holdings PLC raised its holdings in shares of Globe Life Inc. (NYSE:GL) by 19.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 129,997 shares of the company’s stock after purchasing an additional 20,743 shares during the period. Hsbc Holdings PLC’s holdings in Globe Life were worth $18,225,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Globe Life by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,391 shares of the company’s stock worth $1,237,000 after purchasing an additional 607 shares in the last quarter. NewEdge Advisors LLC raised its stake in Globe Life by 368.1% during the first quarter. NewEdge Advisors LLC now owns 6,806 shares of the company’s stock valued at $897,000 after buying an additional 5,352 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Globe Life by 11.5% in the first quarter. Goldman Sachs Group Inc. now owns 563,021 shares of the company’s stock worth $74,161,000 after acquiring an additional 58,163 shares in the last quarter. Empowered Funds LLC bought a new stake in Globe Life in the first quarter worth $428,000. Finally, Focus Partners Wealth grew its stake in shares of Globe Life by 8.3% in the first quarter. Focus Partners Wealth now owns 8,559 shares of the company’s stock worth $1,127,000 after acquiring an additional 656 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GL shares. Truist Financial lifted their price target on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Morgan Stanley raised their price objective on shares of Globe Life from $181.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $168.00 target price on shares of Globe Life in a report on Thursday, March 26th. Wells Fargo & Company upped their target price on shares of Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.89.

Globe Life Price Performance

NYSE GL opened at $176.89 on Wednesday. Globe Life Inc. has a one year low of $116.73 and a one year high of $182.32. The stock has a 50-day moving average of $162.15 and a 200 day moving average of $149.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 12.23 and a beta of 0.47.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the business earned $3.07 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, sell-side analysts forecast that Globe Life Inc. will post 15.64 EPS for the current year.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.7%. Globe Life’s payout ratio is currently 9.13%.

Insider Buying and Selling

In other Globe Life news, Director Cheryl Alston sold 8,258 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $179.24, for a total value of $1,480,163.92. Following the transaction, the director directly owned 16,621 shares of the company’s stock, valued at approximately $2,979,148.04. This trade represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Clay Majors sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares in the company, valued at approximately $8,231,603.58. The trade was a 38.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 124,187 shares of company stock valued at $19,529,414 in the last 90 days. Insiders own 2.11% of the company’s stock.

About Globe Life

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.