Woodline Partners Adds $65M in Globe Life Inc. ($GL)
Woodline Partners takes a new stake in Globe Life Inc., acquiring 366,103 shares.
Key Points
- Woodline Partners acquired 366,103 shares of Globe Life Inc., valued at approximately $64.3 million, marking a new position.
- Globe Life Inc. trades near $175.64 with a market cap of $13.36 billion and a P/E ratio of 11.91.
- Analysts maintain a positive outlook with multiple 'buy' ratings and a consensus target price of $175.91.
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Woodline Partners has taken a new stake in Globe Life Inc. (NYSE:GL), acquiring 366,103 shares. This new position, reported in a recent filing with the SEC, is valued at approximately $64.3 million. The shares were purchased at a cost basis of $141.34.
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What Changed in Woodline Partners' Globe Life Position
Woodline Partners opened a new position in Globe Life Inc., acquiring 366,103 shares. The total value of this new stake is about $64.3 million, marking a significant investment in the company.
Other Institutional Activity in Globe Life
Other institutional investors have also adjusted their positions in Globe Life Inc. BlackRock, Inc. reduced its holdings by 146,546 shares, bringing its total to 5,542,531 shares valued at around $771.4 million. Vanguard Capital Management LLC opened a new position with 5,149,992 shares worth approximately $716.7 million. Similarly, Vanguard Portfolio Management LLC also initiated a new position with 4,254,103 shares valued at about $592 million. Invesco Ltd. increased its stake by 67,674 shares, holding a total of 4,016,350 shares worth $559 million. State Street Corp added 485,155 shares, ending with 3,658,664 shares valued at $509.2 million.
Globe Life Inc. Stock Up 3.4%
Shares of NYSE:GL traded near $175.64 on Thursday. Globe Life Inc. has a market cap of approximately $13.36 billion and a P/E ratio of 11.91. The stock has a 52-week low of $116.73 and a high of $175.62. Its 50-day moving average is $154.99, while the 200-day moving average is $143.00. The company maintains a current ratio of 0.663 and a quick ratio of 0.531, with a debt-to-equity ratio of 53.588.
$GL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, Globe Life Inc. reported revenue of $6.07 billion, reflecting a growth of 5.4%. The company's net margin stands at 19.38%, and it achieved a return on equity of 20.46%. Globe Life posted earnings per share (EPS) of $14.45. The next earnings announcement is scheduled for July 22, 2026.
Dividend
Globe Life Inc. pays an annual dividend of $1.32 per share, yielding 0.77%. The company's dividend payout ratio is 7.89%.
Insider Buying and Selling at Globe Life Inc.
On June 18, 2026, Rebecca Zorn, EVP & Chief Talent Officer, bought 2,000 shares at an average price of $98.32. On the same day, she also sold 2,000 shares at $170.10. Robert Brian Mitchell, EVP, General Counsel and CRO, sold 1,250 shares on June 12, 2026. Additionally, Dolores Skarjune, EVP and Chief Admin. Officer, sold 4,175 shares at $166.18 on June 12, 2026.
Analysts Set New Price Targets
On June 23, 2026, TD Cowen maintained its 'buy' rating on Globe Life with a price target of $215. Piper Sandler maintained a 'buy' rating with a $175 target on May 26, 2026. Similarly, Morgan Stanley kept a 'buy' rating with a target of $181 on May 21, 2026. The consensus among 11 analysts is a 'buy' recommendation with a mean target price of $175.91.
About Globe Life Inc.
Globe Life Inc., headquartered in McKinney, Texas, provides life and supplemental health insurance products primarily to lower middle- and middle-income families in the U.S. The company operates through segments focusing on life insurance, supplemental health insurance, and investments. Globe Life offers a range of insurance products including whole and term life, Medicare supplements, and various supplemental health policies. It markets its products via direct-to-consumer channels and independent agents. The company, led by CEO Frank Martin Svoboda, employs approximately 3,695 people.
Bottom Line
Woodline Partners' new stake in Globe Life Inc. reflects growing institutional interest in the company. With a solid financial foundation and positive analyst outlook, Globe Life remains a company to watch. Remember, 13F filings show past positions and might not reflect current holdings.
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