Capitolis Liquid Global Markets LLC Makes New $5.86 Million Investment in Globe Life Inc. $GL

Capitolis Liquid Global Markets LLC purchased a new position in shares of Globe Life Inc. (NYSE:GL) in the third quarter, Holdings Channel.com reports. The firm purchased 41,000 shares of the company’s stock, valued at approximately $5,862,000.

Other large investors have also made changes to their positions in the company. Allianz Asset Management GmbH raised its position in Globe Life by 55.2% during the third quarter. Allianz Asset Management GmbH now owns 82,263 shares of the company’s stock valued at $11,761,000 after acquiring an additional 29,256 shares in the last quarter. Synergy Asset Management LLC lifted its stake in shares of Globe Life by 1,022.7% in the 3rd quarter. Synergy Asset Management LLC now owns 100,603 shares of the company’s stock valued at $14,240,000 after purchasing an additional 91,642 shares during the last quarter. Retirement Systems of Alabama bought a new stake in Globe Life in the third quarter worth $2,470,000. SteelPeak Wealth LLC bought a new stake in Globe Life in the third quarter worth $2,985,000. Finally, Pzena Investment Management LLC increased its position in Globe Life by 5.6% during the third quarter. Pzena Investment Management LLC now owns 998,506 shares of the company’s stock worth $142,756,000 after buying an additional 52,523 shares during the last quarter. Institutional investors own 81.61% of the company’s stock.

Analyst Ratings Changes

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

Globe Life Stock Down 0.2%

GL stock opened at $138.51 on Monday. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 9.84 and a beta of 0.46. The company has a 50-day moving average of $142.07 and a two-hundred day moving average of $139.00. Globe Life Inc. has a 52-week low of $109.38 and a 52-week 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 data on Wednesday, February 4th. The company reported $3.39 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). Globe Life had a return on equity of 21.30% and a net margin of 19.37%.The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. As a group, equities research analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Globe Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 3rd will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.32 annualized dividend and a yield of 1.0%. This is an increase from Globe Life’s previous quarterly dividend of $0.27. Globe Life’s dividend payout ratio (DPR) is presently 7.67%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,750 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $147.91, for a total transaction of $258,842.50. Following the transaction, the director owned 3,372 shares of the company’s stock, valued at approximately $498,752.52. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Matthew Darden sold 18,318 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $145.10, for a total transaction of $2,657,941.80. Following the transaction, the chief executive officer owned 51,093 shares of the company’s stock, valued at approximately $7,413,594.30. The trade was a 26.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,186 shares of company stock worth $13,358,379. 1.97% of the stock is currently owned by company insiders.

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.