Globe Life Inc. $GL Stake Boosted by Russell Investments Group Ltd.

by · The Cerbat Gem

Russell Investments Group Ltd. lifted its stake in Globe Life Inc. (NYSE:GL – Free Report) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 364,554 shares of the company’s stock after acquiring an additional 21,836 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.45% of Globe Life worth $45,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GL. Geode Capital Management LLC increased its position in Globe Life by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,722,768 shares of the company’s stock worth $339,875,000 after purchasing an additional 76,995 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Globe Life by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,131 shares of the company’s stock valued at $229,323,000 after buying an additional 148,397 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Globe Life by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,248,025 shares of the company’s stock valued at $155,117,000 after buying an additional 43,095 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Globe Life by 35.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,025,984 shares of the company’s stock worth $135,143,000 after buying an additional 271,253 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Globe Life in the first quarter worth approximately $131,608,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GL. Keefe, Bruyette & Woods lifted 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. Weiss Ratings downgraded shares of Globe Life from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Wells Fargo & Company reduced their price objective on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Morgan Stanley decreased their price objective on shares of Globe Life from $179.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Finally, Truist Financial increased their target price on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.56.

Get Our Latest Stock Report on Globe Life

Globe Life Stock Performance

Shares of GL opened at $134.97 on Friday. The company has a market capitalization of $10.74 billion, a PE ratio of 9.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.06 and a quick ratio of 0.06. Globe Life Inc. has a one year low of $100.27 and a one year high of $147.83. The company’s fifty day moving average price is $135.88 and its 200 day moving average price is $131.45.

Globe Life (NYSE:GL – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.27. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $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, analysts expect that Globe Life Inc. will post 13.87 earnings per share 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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, January 5th. Globe Life’s payout ratio is currently 7.83%.

About Globe Life

(Free Report)

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.

Featured Articles