Globe Life Inc. (NYSE:GL) Announces Quarterly Dividend of $0.33

Globe Life Inc. (NYSE:GL) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, October 5th will be paid a dividend of 0.33 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th.

Globe Life has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Globe Life has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Globe Life to earn $16.52 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 8.0%.

Globe Life Price Performance

Shares of Globe Life stock traded down $2.26 during midday trading on Friday, hitting $183.76. 253,304 shares of the company traded hands, compared to its average volume of 567,832. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s fifty day moving average price is $173.85 and its 200-day moving average price is $155.58. Globe Life has a 12 month low of $127.85 and a 12 month high of $191.55. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 12.20 and a beta of 0.48.

Globe Life (NYSE:GL) last announced its earnings results on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). Globe Life had a net margin of 19.58% and a return on equity of 20.73%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company earned $3.05 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, sell-side analysts forecast that Globe Life will post 15.7 earnings per share for the current year.

Insider Activity at Globe Life

In other Globe Life news, Director Cheryl Alston sold 8,258 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $179.24, for a total value of $1,480,163.92. Following the sale, the director owned 16,621 shares in the company, valued at $2,979,148.04. The trade was a 33.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas Peter Kalmbach sold 25,650 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $178.58, for a total value of $4,580,577.00. Following the transaction, the chief financial officer owned 50,568 shares of the company’s stock, valued at approximately $9,030,433.44. The trade was a 33.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 207,384 shares of company stock valued at $35,883,033 in the last ninety days. Corporate insiders own 2.11% of the company’s stock.

Institutional Trading of Globe Life

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Globe Life by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,391 shares of the company’s stock valued at $1,237,000 after purchasing an additional 607 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Globe Life by 368.1% in the 1st quarter. NewEdge Advisors LLC now owns 6,806 shares of the company’s stock valued at $897,000 after purchasing an additional 5,352 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Globe Life by 11.5% during the first quarter. Goldman Sachs Group Inc. now owns 563,021 shares of the company’s stock worth $74,161,000 after acquiring an additional 58,163 shares during the last quarter. Empowered Funds LLC purchased a new stake in Globe Life during the 1st quarter valued at about $428,000. Finally, Focus Partners Wealth raised its holdings in Globe Life by 8.3% in the 1st quarter. Focus Partners Wealth now owns 8,559 shares of the company’s stock valued at $1,127,000 after acquiring an additional 656 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

About Globe Life

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.