Globe Life Inc. (NYSE:GL) Receives $171.33 Average Price Target from Brokerages

Globe Life Inc. (NYSE:GL) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $171.3333.

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Globe Life from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Piper Sandler restated an “overweight” rating and issued a $167.00 price objective on shares of Globe Life in a report on Friday, November 21st. JPMorgan Chase & Co. lifted their price objective on Globe Life from $180.00 to $181.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Evercore set a $157.00 target price on shares of Globe Life in a research report on Wednesday, February 18th. Finally, Truist Financial lifted their price target on shares of Globe Life from $158.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 6th.

Insider Transactions at Globe Life

In other news, EVP Robert Edward Hensley sold 712 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $142.59, for a total value of $101,524.08. Following the completion of the sale, the executive vice president owned 8,580 shares in the company, valued at approximately $1,223,422.20. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Matthew Darden sold 9,527 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $144.34, for a total value of $1,375,127.18. Following the transaction, the chief executive officer directly owned 53,860 shares in the company, valued at $7,774,152.40. This trade represents a 15.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,868 shares of company stock worth $10,700,437 in the last quarter. 1.97% of the stock is owned by corporate insiders.

Institutional Trading of Globe Life

Hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. purchased a new position in Globe Life in the third quarter valued at about $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Globe Life in the 4th quarter valued at approximately $30,000. CYBER HORNET ETFs LLC purchased a new position in shares of Globe Life during the 2nd quarter valued at approximately $28,000. Assetmark Inc. grew its position in shares of Globe Life by 777.8% during the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after buying an additional 210 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Globe Life in the second quarter worth $31,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

Globe Life Stock Down 1.1%

GL opened at $144.65 on Friday. Globe Life has a 12 month low of $109.38 and a 12 month high of $152.71. The business has a 50-day moving average of $142.00 and a two-hundred day moving average of $138.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 10.27 and a beta of 0.46.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($0.05). Globe Life had a return on equity of 21.30% and a net margin of 19.37%.The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $3.14 earnings per share. Globe Life’s revenue was up 3.6% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. On average, research analysts expect that Globe Life will post 13.87 earnings per share for the current year.

Globe Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 3rd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Globe Life’s previous quarterly dividend of $0.27. Globe Life’s dividend payout ratio (DPR) is presently 7.67%.

About Globe Life

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.