15 Small Cap Financial Stocks Hedge Funds Are Buying

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8. Globe Life Inc. (NYSE:GL)

Market Capitalization: $10.093 Billion 

Number of Hedge Fund Holders: 43

Globe Life Inc. (NYSE:GL) is another insurance holding company that through its subsidiaries provides life and health insurance products for middle-income Americans. Its insurance products include traditional whole life and term life insurance, supplemental health insurance, Medicare, and more.

On April 2, Piper Sandler analyst John Barnidge maintained a Buy rating on the stock, while increasing the price target from $130 to $152. During the fiscal fourth quarter of 2024, Globe Life Inc. (NYSE:GL) reported a net income of $255, which was slightly down from $275 net income from a year ago. However, regardless the earnings per share increased as there were fewer outstanding shares. More importantly, net operating income increased 12% year-over-year driven by Life insurance premium revenue and Health insurance premium revenue growth of 4% and 7%, respectively.

Looking ahead, Globe Life Inc. (NYSE:GL) expects Life premium revenue to grow by 4.5% to 5% and Health insurance premium revenue by 7.5% to 8.5%, reflecting continued growth and stale margins for 2025. It is one of the small-cap financial stocks hedge funds are buying.

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