Russell Investments Group Ltd. Cuts Holdings in Globe Life Inc. $GL

Russell Investments Group Ltd. reduced its position in shares of Globe Life Inc. (NYSE:GL) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,525 shares of the company’s stock after selling 30,029 shares during the quarter. Russell Investments Group Ltd. owned 0.42% of Globe Life worth $47,827,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Mather Group LLC. acquired a new position in Globe Life in the 3rd quarter worth about $28,000. CYBER HORNET ETFs LLC purchased a new position in Globe Life during the second quarter worth approximately $28,000. Assetmark Inc. grew its holdings in Globe Life by 777.8% in the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after purchasing an additional 210 shares during the period. MUFG Securities EMEA plc acquired a new stake in Globe Life in the second quarter valued at approximately $31,000. Finally, Quent Capital LLC purchased a new stake in shares of Globe Life in the third quarter valued at approximately $36,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GL has been the subject of several research analyst reports. Evercore set a $157.00 target price on Globe Life in a research note on Wednesday, February 18th. Wells Fargo & Company lifted their price target on shares of Globe Life from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Morgan Stanley reissued an “overweight” rating and issued a $176.00 price target on shares of Globe Life in a report on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on shares of Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Globe Life in a report on Thursday, December 11th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.33.

Globe Life Trading Down 1.3%

Shares of Globe Life stock opened at $141.02 on Thursday. The stock has a market cap of $11.09 billion, a P/E ratio of 10.02 and a beta of 0.46. The stock’s 50 day simple moving average is $142.09 and its 200-day simple moving average is $139.02. Globe Life Inc. has a 1-year low of $109.38 and a 1-year high of $152.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $3.39 EPS for the quarter, missing the consensus estimate of $3.44 by ($0.05). Globe Life had a net margin of 19.37% and a return on equity of 21.30%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $3.14 EPS. Globe Life’s revenue for the quarter was up 3.6% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. Analysts predict that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 3rd will be paid a $0.33 dividend. This is a boost from Globe Life’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.9%. Globe Life’s dividend payout ratio is 9.38%.

Insider Buying and Selling at Globe Life

In related news, CMO Jennifer Allison Haworth sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the completion of the sale, the chief marketing officer directly owned 17,479 shares in the company, valued at approximately $2,501,944.06. This trade represents a 36.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 1,750 shares of Globe Life stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $147.91, for a total transaction of $258,842.50. Following the transaction, the director directly owned 3,372 shares in the company, valued at $498,752.52. This trade represents a 34.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 92,186 shares of company stock worth $13,358,379. Corporate insiders own 1.51% of the company’s stock.

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.