Globe Life Inc. (GL) has experienced several noteworthy transitions in recent times. Several organizations either sold or purchased the company's shares. For instance, the Bank of Nova Scotia disposed of 71,165 shares, while Citizens Financial Group and XTX Topco Ltd accumulated more. The company declared a dividend of $0.27 per share, which was well received by middle-market insurance shareholders. Several asset managers including Allianz, iA Global, and Pacer Advisors considerably decreased their holdings. The company also had fluctuations in stock ratings. Morgan Stanley elevated Globe Life's stock rating to overweight following the conclusion of investigations by the SEC and DOJ. Globe Life closed the Department of Justice investigations and announced departmental closures as well. The company's Board EVP sold his shares amounting to $1.374 million. The stock gained momentum following the announcement of this sale. The company's Q1 and Q2 earnings estimates indicated expected growth and strong operating income, yet, the actual results reported earnings below estimates. The company's price target was raised to $149 by BMO Capital following the closure of regulatory investigations, although the news mixed with insider trading by executives.
Globe Life GL News Analytics from Fri, 14 Mar 2025 07:00:00 GMT to Sun, 10 Aug 2025 00:13:23 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -4
