Globe Life Inc. (NYSE:GL) Announces $0.33 Quarterly Dividend

Globe Life Inc. (NYSE:GL) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, October 5th will be paid a dividend of 0.33 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, October 5th.

Globe Life has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 20 years. Globe Life has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Globe Life to earn $16.52 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 8.0%.

Globe Life Price Performance

Shares of GL stock traded down $2.19 during midday trading on Friday, reaching $183.83. 237,036 shares of the company traded hands, compared to its average volume of 567,535. The firm’s 50 day simple moving average is $173.85 and its two-hundred day simple moving average is $155.58. The firm has a market cap of $14.27 billion, a PE ratio of 12.20 and a beta of 0.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. Globe Life has a 1-year low of $127.85 and a 1-year high of $191.55.

Globe Life (NYSE:GL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.73%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, equities research analysts expect that Globe Life will post 15.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on GL shares. TD Cowen upped their target price on Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Piper Sandler upped their target price on Globe Life from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $191.67.

Globe Life Company 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.