Wellington Management Amends Globe Life Stake
Ticker: GL-PD · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 320335
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Wellington Management updated its passive stake in Globe Life, signaling no major strategic shift.**
AI Summary
Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of Globe Life Inc. common stock as of December 29, 2023. This filing updates their previous disclosures, showing their continued significant, though passive, investment in the life insurance company. For investors, this matters because Wellington Management is a major institutional investor, and changes in their holdings can signal shifts in their confidence or strategy regarding Globe Life Inc. stock.
Why It Matters
This filing shows a major institutional investor's updated position in Globe Life Inc., which can influence market perception and potentially the stock's trading activity.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate high-risk events for Globe Life Inc.
Analyst Insight
Investors should note Wellington Management's continued passive stake in Globe Life Inc. and monitor future filings for any significant changes in ownership percentage or a shift to an active investment strategy, which could signal a change in the firm's outlook.
Key Players & Entities
- Wellington Management Group LLP (company) — the entity filing the SC 13G/A, reporting its ownership in Globe Life Inc.
- GLOBE LIFE INC. (company) — the subject company whose common stock is being reported on
- December 29, 2023 (date) — the date of the event requiring the filing of this statement
- February 8, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)'.
Who is the subject company of this filing?
The subject company is GLOBE LIFE INC., identified by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBE LIFE INC.'.
Who is the entity making this filing?
The entity making this filing is WELLINGTON MANAGEMENT GROUP LLP, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP'.
What is the CUSIP number for the securities discussed?
The CUSIP number for the Common Stock of GLOBE LIFE INC. is 37959E102, as listed under 'CUSIP Number'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified by 'Date of Event Which Requires Filing of this Statement: December 29, 2023'.
Filing Stats: 1,779 words · 7 min read · ~6 pages · Grade level 9.6 · Accepted 2024-02-08 10:13:18
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 31KB
- 0000902219-24-000083.txt ( ) — 33KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * GLOBE LIFE INC. (Name of Issuer) Common Stock (Title of Class of Securities) 37959E102 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 37959E102 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,778,672 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,685,657 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,685,657 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.98% 12. TYPE OF REPORTING PERSON HC CUSIP No. 37959E102 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,778,672 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,685,657 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,685,657 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.98% 12. TYPE OF REPORTING PERSON HC CUSIP No. 37959E102 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,778,672 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,685,657 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,685,657 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.98% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer GLOBE LIFE INC. (b) Address of Issuer's Principal Executive Offices 3700 South Stonebridge Drive McKinney, TX 75070 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 37959E102 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d