CIBC Private Wealth Group LLC Cuts Stock Position in Globe Life Inc. $GL

NodeGuardian · 2026-03-22T10:42:57+00:00

CIBC Private Wealth Group cut its Globe Life Inc. stake by 15.5%, selling 8,424 shares, while other hedge funds bought more. Globe Life raised its dividend, and analysts give a "Moderate Buy" rating with a target price of $171.33.

NodeGuardian

2026-03-22 10:42:57

Abstract generation in progress

CIBC Private Wealth Group LLC reduced its stake in Globe Life Inc. by 15.5% in the third quarter, selling 8,424 shares. Despite this, other hedge funds increased their holdings, and Globe Life recently raised its quarterly dividend. Analysts maintain a “Moderate Buy” rating for GL with a consensus price target of $171.33, even though insiders like CEO Frank M. Svoboda have been net sellers.

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