Stance Capital LLC Takes $1.98 Million Position in Globe Life Inc. $GL

Stance Capital LLC bought a new position in shares of Globe Life Inc. (NYSE:GL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,962 shares of the company’s stock, valued at approximately $1,984,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in shares of Globe Life in the 2nd quarter valued at about $25,000. AdvisorNet Financial Inc increased its position 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 purchasing an additional 84 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Globe Life in the 2nd quarter valued at approximately $28,000. Assetmark Inc. grew 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 valued at $29,000 after buying an additional 210 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Globe Life during the second quarter worth $31,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Price Performance

Shares of GL opened at $139.45 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.41. The stock has a market cap of $11.10 billion, a PE ratio of 10.10 and a beta of 0.48. Globe Life Inc. has a 12-month low of $103.71 and a 12-month high of $147.83. The business has a 50-day simple moving average of $133.84 and a two-hundred day simple moving average of $132.53.

Globe Life (NYSE:GL) last issued its quarterly earnings data 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. Globe Life had a net margin of 19.36% and a return on equity of 21.81%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $3.44 EPS. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. Analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, January 5th. Globe Life’s payout ratio is 7.83%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GL shares. Weiss Ratings restated a “hold (c+)” rating on shares of Globe Life in a research note on Monday, December 8th. Keefe, Bruyette & Woods lifted 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. Piper Sandler reaffirmed an “overweight” rating and issued a $167.00 target price on shares of Globe Life in a research report on Friday, November 21st. Wells Fargo & Company dropped 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. Finally, TD Cowen raised their price target on Globe Life from $182.00 to $199.00 and gave the stock a “buy” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.00.

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.