Globe Life (NYSE:GL) Director Sells $1,480,163.92 in Stock

Globe Life Inc. (NYSE:GL) Director Cheryl Alston sold 8,258 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $179.24, for a total value of $1,480,163.92. Following the sale, the director owned 16,621 shares of the company’s stock, valued at $2,979,148.04. This represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Globe Life Price Performance

GL opened at $179.28 on Monday. The stock’s 50 day simple moving average is $158.33 and its 200 day simple moving average is $147.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. Globe Life Inc. has a 1 year low of $116.73 and a 1 year high of $181.15. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 12.40 and a beta of 0.49.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.46 by ($0.03). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, analysts predict that Globe Life Inc. will post 15.64 earnings per share for the current year.

Globe Life Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio is currently 9.13%.

Wall Street Analysts Forecast Growth

GL has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of Globe Life from $199.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Piper Sandler raised their target price on Globe Life from $167.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $168.00 target price on shares of Globe Life in a research note on Thursday, March 26th. Finally, Truist Financial boosted their price target on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Globe Life currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.89.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Globe Life by 909.6% in the fourth quarter. SG Americas Securities LLC now owns 99,746 shares of the company’s stock worth $13,950,000 after buying an additional 89,866 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Globe Life during the 3rd quarter worth approximately $7,348,000. JPMorgan Chase & Co. raised its position in shares of Globe Life by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company’s stock worth $35,449,000 after acquiring an additional 24,785 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Globe Life in the 3rd quarter worth approximately $5,862,000. Finally, Magnetar Financial LLC lifted its stake in shares of Globe Life by 2,185.8% in the 3rd quarter. Magnetar Financial LLC now owns 40,435 shares of the company’s stock valued at $5,781,000 after purchasing an additional 38,666 shares during the period. 81.61% of the stock is currently owned by institutional investors.

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.