American Century Companies Inc. Acquires 80,913 Shares of Globe Life Inc. $GL

American Century Companies Inc. lifted its holdings in shares of Globe Life Inc. (NYSE:GL) by 39.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,334 shares of the company’s stock after buying an additional 80,913 shares during the quarter. American Century Companies Inc.’s holdings in Globe Life were worth $35,589,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Global Assets Advisory LLC bought a new position in Globe Life in the second quarter valued at approximately $25,000. AdvisorNet Financial Inc lifted its stake in shares of Globe Life by 60.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Assetmark Inc. lifted its stake in shares of Globe Life by 777.8% in the 2nd 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. TD Private Client Wealth LLC bought a new position in shares of Globe Life in the 2nd quarter worth $39,000. Finally, SouthState Corp acquired a new stake in shares of Globe Life during the first quarter worth $43,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GL shares. Weiss Ratings cut Globe Life from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 24th. Wells Fargo & Company reduced their price objective on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Morgan Stanley decreased their price objective on shares of Globe Life from $179.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $167.00 target price on shares of Globe Life in a research note on Friday, November 21st. Finally, Truist Financial lifted their price target on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Globe Life currently has an average rating of “Moderate Buy” and a consensus target price of $155.56.

Globe Life Price Performance

NYSE GL opened at $134.73 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 9.76 and a beta of 0.55. The business has a 50 day simple moving average of $135.67 and a 200 day simple moving average of $131.63. Globe Life Inc. has a 52-week low of $100.27 and a 52-week high of $147.83.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.27. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the company earned $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS. FY 2025 guidance at 14.400-14.600 EPS. Analysts anticipate that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 5th will be paid a $0.27 dividend. 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 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.