Cobblestone Capital Advisors LLC NY Sells 18,166 Shares of Globe Life Inc. $GL

Cobblestone Capital Advisors LLC NY trimmed its holdings in shares of Globe Life Inc. (NYSE:GL) by 81.3% during the second quarter, HoldingsChannel reports. The firm owned 4,167 shares of the company’s stock after selling 18,166 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Globe Life were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. AdvisorNet Financial Inc raised its stake in shares of Globe Life by 60.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 84 shares during the period. Amalgamated Bank raised its position in Globe Life by 0.5% in the first quarter. Amalgamated Bank now owns 16,348 shares of the company’s stock worth $2,153,000 after acquiring an additional 85 shares during the period. Venturi Wealth Management LLC raised its position in Globe Life by 1.1% in the first quarter. Venturi Wealth Management LLC now owns 8,226 shares of the company’s stock worth $1,084,000 after acquiring an additional 93 shares during the period. HighPoint Advisor Group LLC raised its position in Globe Life by 4.2% in the first quarter. HighPoint Advisor Group LLC now owns 2,366 shares of the company’s stock worth $293,000 after acquiring an additional 95 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its holdings in shares of Globe Life by 2.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,609 shares of the company’s stock worth $475,000 after purchasing an additional 102 shares during the period. 81.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Frank M. Svoboda sold 12,500 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $141.38, for a total transaction of $1,767,250.00. Following the transaction, the chief executive officer directly owned 32,747 shares in the company, valued at approximately $4,629,770.86. This represents a 27.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Clay Majors sold 10,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $137.41, for a total transaction of $1,374,100.00. Following the transaction, the executive vice president directly owned 47,066 shares in the company, valued at approximately $6,467,339.06. This represents a 17.52% decrease in their position. The disclosure for this sale can be found here. 1.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GL has been the topic of a number of research reports. Cfra Research raised shares of Globe Life to a “moderate buy” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Globe Life in a research note on Wednesday, October 8th. Morgan Stanley set a $179.00 price objective on Globe Life and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods boosted their price objective on Globe Life from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Globe Life from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.78.

Globe Life Trading Up 1.0%

Shares of GL opened at $135.00 on Tuesday. The business’s 50-day moving average price is $139.52 and its 200-day moving average price is $129.71. Globe Life Inc. has a twelve month low of $100.27 and a twelve month high of $147.83. The stock has a market cap of $10.93 billion, a PE ratio of 9.78 and a beta of 0.55. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.43.

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 analysts’ consensus estimates of $4.54 by $0.27. The business 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 quarter in the prior year, the firm posted $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, equities analysts forecast that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 3rd. Globe Life’s dividend payout ratio is currently 7.83%.

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.