Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in Globe Life Inc. $GL

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Globe Life Inc. (NYSE:GL) by 769.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,794 shares of the company’s stock after purchasing an additional 30,794 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Globe Life were worth $4,325,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Global Assets Advisory LLC purchased a new stake in shares of Globe Life during the 2nd quarter valued at about $25,000. AdvisorNet Financial Inc grew its position in Globe Life by 60.0% in the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 84 shares in the last quarter. Assetmark Inc. increased its stake in Globe Life by 777.8% during the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after acquiring an additional 210 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in Globe Life during the second quarter valued at approximately $39,000. Finally, SouthState Corp bought a new stake in shares of Globe Life in the 1st quarter valued at approximately $43,000. Institutional investors own 81.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial boosted their target price on Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Wells Fargo & Company cut their price objective on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Globe Life in a report on Wednesday, October 8th. Cfra Research upgraded shares of Globe Life to a “moderate buy” rating in a report on Friday, July 25th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $149.00 price objective (up previously from $114.00) on shares of Globe Life in a research note on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.56.

Globe Life Trading Down 0.6%

GL stock opened at $133.12 on Friday. Globe Life Inc. has a 12 month low of $100.27 and a 12 month high of $147.83. The firm’s 50-day moving average is $137.62 and its 200 day moving average is $130.68. The company has a market capitalization of $10.60 billion, a PE ratio of 9.65 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 issued its earnings results on Wednesday, October 22nd. The company reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.54 by $0.27. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $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. On average, research analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, January 5th. Globe Life’s dividend payout ratio is currently 7.83%.

Globe Life 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.