SteelPeak Wealth LLC Takes $2.99 Million Position in Globe Life Inc. $GL

SteelPeak Wealth LLC acquired a new position in shares of Globe Life Inc. (NYSE:GL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,880 shares of the company’s stock, valued at approximately $2,985,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Assets Advisory LLC purchased a new stake in Globe Life during the second quarter valued at about $25,000. AdvisorNet Financial Inc raised its holdings in shares of Globe Life by 60.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock valued at $28,000 after buying an additional 84 shares in the last quarter. Mather Group LLC. bought a new stake in Globe Life in the 3rd quarter worth approximately $28,000. CYBER HORNET ETFs LLC purchased a new stake in Globe Life in the second quarter worth approximately $28,000. Finally, Assetmark Inc. boosted its stake in Globe Life by 777.8% in the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after buying an additional 210 shares in the last quarter. Institutional investors own 81.61% of the company’s stock.

Wall Street Analysts Forecast Growth

GL has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Globe Life in a report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $176.00 target price on shares of Globe Life in a research report on Monday, December 15th. Piper Sandler reissued an “overweight” rating and issued a $167.00 price target on shares of Globe Life in a research note on Friday, November 21st. Wells Fargo & Company reduced their price objective on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Cowen reiterated a “buy” rating on shares of Globe Life in a report on Thursday, December 11th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.89.

Insiders Place Their Bets

In other Globe Life news, CEO Frank M. Svoboda sold 9,379 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $140.43, for a total value of $1,317,092.97. Following the completion of the sale, the chief executive officer owned 35,868 shares in the company, valued at approximately $5,036,943.24. This trade represents a 20.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.51% of the company’s stock.

Globe Life Trading Down 0.9%

Shares of GL opened at $138.59 on Friday. The stock has a market capitalization of $11.03 billion, a P/E ratio of 10.04 and a beta of 0.48. Globe Life Inc. has a twelve month low of $109.38 and a twelve month high of $147.83. 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 firm has a fifty day simple moving average of $135.39 and a two-hundred day simple moving average of $134.54.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.54 by $0.27. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. Globe Life had a net margin of 19.36% and a return on equity of 21.81%. During the same period in the prior year, the firm posted $3.44 earnings per share. 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. On average, research analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Announces Dividend

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 dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. Globe Life’s dividend payout ratio is presently 7.83%.

Globe Life Profile

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.