Transcend Capital Advisors LLC Makes New $207,000 Investment in Globe Life Inc. $GL

Transcend Capital Advisors LLC bought a new position in Globe Life Inc. (NYSE:GL) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,664 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GL. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Globe Life by 8.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,711 shares of the company’s stock worth $1,260,000 after acquiring an additional 723 shares during the last quarter. Amalgamated Bank increased its stake in shares of Globe Life by 0.5% in the 1st quarter. Amalgamated Bank now owns 16,348 shares of the company’s stock worth $2,153,000 after acquiring an additional 85 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Globe Life in the 1st quarter worth $264,000. DAVENPORT & Co LLC acquired a new stake in shares of Globe Life in the 1st quarter worth $493,000. Finally, Principal Financial Group Inc. increased its stake in shares of Globe Life by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 101,679 shares of the company’s stock worth $13,393,000 after acquiring an additional 3,960 shares during the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GL has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $149.00 price target (up from $114.00) on shares of Globe Life in a report on Wednesday, July 30th. Morgan Stanley set a $179.00 price objective on shares of Globe Life and gave the company an “overweight” rating in a report on Tuesday, October 7th. Cfra Research upgraded shares of Globe Life to a “moderate buy” rating in a report on Friday, July 25th. Truist Financial boosted their price objective on shares of Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Globe Life from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.56.

Globe Life Stock Performance

Shares of Globe Life stock opened at $132.18 on Friday. The business has a 50-day moving average of $139.17 and a 200 day moving average of $129.92. Globe Life Inc. has a 12 month low of $100.27 and a 12 month high of $147.83. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 9.58 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 (NYSE:GL) last announced its earnings results on Wednesday, October 22nd. The company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.27. Globe Life had a return on equity of 22.12% and a net margin of 19.36%.The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business posted $3.44 EPS. 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, sell-side analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, October 3rd. 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%.

About Globe Life

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.