Globe Life Inc. (NYSE:GL) Declares $0.27 Quarterly Dividend

Globe Life Inc. (NYSE:GL) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, January 5th will be given a dividend of 0.27 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, January 5th.

Globe Life has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Globe Life has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Globe Life to earn $15.03 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 7.2%.

Globe Life Trading Down 0.7%

Shares of Globe Life stock traded down $0.97 on Friday, hitting $130.86. 117,823 shares of the company’s stock traded hands, compared to its average volume of 631,655. Globe Life has a one year low of $100.27 and a one year high of $147.83. The firm’s 50-day moving average price is $138.36 and its two-hundred day moving average price is $130.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $10.60 billion, a PE ratio of 9.50 and a beta of 0.55.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.54 by $0.27. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 last year, the business posted $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. On average, research analysts expect that Globe Life will post 13.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its holdings in Globe Life by 60.0% during the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 84 shares during the period. Venturi Wealth Management LLC increased its position in shares of Globe Life by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 8,226 shares of the company’s stock valued at $1,084,000 after purchasing an additional 93 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Globe Life by 4.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,366 shares of the company’s stock worth $293,000 after purchasing an additional 95 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Globe Life by 0.8% in the 2nd quarter. Intech Investment Management LLC now owns 11,572 shares of the company’s stock worth $1,438,000 after buying an additional 95 shares during the last quarter. Finally, CX Institutional grew its position in Globe Life by 5.6% during the third quarter. CX Institutional now owns 1,805 shares of the company’s stock valued at $258,000 after buying an additional 96 shares during the period. Institutional investors own 81.61% of the company’s stock.

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.