12/5/2025, 12:00:00 AM | www.marketbeat.com | news
Cobblestone Capital Advisors LLC NY Buys 20,333 Shares of Globe Life Inc. (NYSE:GL)
Cobblestone Capital Advisors LLC NY increased its stake in Globe Life Inc. by purchasing 20,333 shares in the first quarter, bringing its total holdings to 22,333 shares valued at $2.94 million. The company reported a quarterly EPS of $3.27, exceeding expectations, with $1.48 billion in revenue and a net margin of 18.11%. Globe Life announced a quarterly dividend of $0.27 per share, payable on October 31st, with an annualized yield of 0.8%. Other institutional investors, including Dimensional Fund Advisors LP, Nuveen LLC, Ameriprise Financial Inc., Northern Trust Corp, and GAMMA Investing LLC, also made significant changes to their positions. The company has a market capitalization of $11.25 billion, a PE ratio of 11.10, and a debt-to-equity ratio of 0.43. Wall Street analysts have upgraded their ratings and price targets for the stock, with Morgan Stanley, BMO Capital Markets, JPMorgan Chase & Co., Cfra Research, and Wells Fargo & Company issuing 'overweight' or 'moderate buy' ratings. Insiders, including the EVP and CEO, sold a total of 90,741 shares over the quarter, reducing their ownership by 17.52% and 27.63% respectively.