Nordea Investment Management AB Reduces Position in Globe Life Inc. $GL

Nordea Investment Management AB lowered its holdings in Globe Life Inc. (NYSE:GL) by 5.6% in the third quarter, HoldingsChannel reports. The firm owned 794,307 shares of the company’s stock after selling 47,194 shares during the period. Nordea Investment Management AB’s holdings in Globe Life were worth $113,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mather Group LLC. acquired a new position in shares of Globe Life in the 3rd quarter valued at approximately $28,000. Global Assets Advisory LLC bought a new stake in shares of Globe Life in the second quarter worth $25,000. AdvisorNet Financial Inc raised its holdings in Globe Life by 60.0% in the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock valued at $28,000 after acquiring an additional 84 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Globe Life during the 2nd quarter valued at $28,000. Finally, Assetmark Inc. grew its holdings in Globe Life by 777.8% during the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after acquiring an additional 210 shares in the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Globe Life Stock Performance

Shares of NYSE GL opened at $141.82 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $136.60 and its two-hundred day moving average price is $135.71. Globe Life Inc. has a 52-week low of $109.38 and a 52-week high of $147.83. The stock has a market capitalization of $11.29 billion, a P/E ratio of 10.28 and a beta of 0.48.

Globe Life (NYSE:GL) last announced its quarterly 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 analysts’ expectations of $1.52 billion. Globe Life had a return on equity of 21.81% and a net margin of 19.36%.During the same period in the prior year, the firm earned $3.44 EPS. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. As a group, sell-side analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.08 annualized dividend and a yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is currently 7.83%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GL. Evercore ISI lowered shares of Globe Life from an “outperform” rating to an “in-line” rating and set a $155.00 target price on the stock. in a research note on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and set a $167.00 price objective on shares of Globe Life in a research note on Friday, November 21st. Keefe, Bruyette & Woods increased their target price on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating and issued a $176.00 price target on shares of Globe Life in a report on Monday, December 15th. Finally, TD Cowen upped their price target on Globe Life from $182.00 to $199.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.22.

Insider Transactions at Globe Life

In other news, CEO Frank M. Svoboda sold 9,379 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $140.43, for a total transaction of $1,317,092.97. Following the completion of the transaction, the chief executive officer owned 35,868 shares of the company’s stock, valued at approximately $5,036,943.24. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.97% of the company’s stock.

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.