Globe Life Inc. (NYSE:GL) Given Consensus Rating of “Moderate Buy” by Analysts

Globe Life Inc. (NYSE:GL) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $191.6667.

A number of equities analysts recently commented on the stock. Weiss Ratings cut shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Piper Sandler upped their price target on shares of Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their target price on Globe Life from $192.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Jefferies Financial Group raised their price target on Globe Life from $147.00 to $166.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on Globe Life from $181.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st.

Insider Buying and Selling

In other Globe Life news, CEO Frank M. Svoboda sold 10,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $166.68, for a total transaction of $1,666,800.00. Following the completion of the sale, the chief executive officer owned 54,020 shares of the company’s stock, valued at $9,004,053.60. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Clay Majors sold 37,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.64, for a total transaction of $6,609,680.00. Following the completion of the sale, the executive vice president directly owned 53,518 shares in the company, valued at approximately $9,560,455.52. This trade represents a 40.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 151,908 shares of company stock valued at $27,239,981 over the last quarter. Company insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

Hedge funds and other institutional investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Globe Life during the fourth quarter worth about $30,000. Johnson Financial Group Inc. purchased a new position in Globe Life during the 2nd quarter valued at about $39,000. CYBER HORNET ETFs LLC purchased a new position in Globe Life during the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc bought a new position in Globe Life during the 2nd quarter valued at approximately $31,000. Finally, Torren Management LLC bought a new position in Globe Life during the 4th quarter valued at approximately $37,000. 81.61% of the stock is owned by institutional investors.

Globe Life Trading Up 0.1%

NYSE GL opened at $175.78 on Friday. The stock’s 50-day simple moving average is $178.72 and its two-hundred day simple moving average is $159.43. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 11.67 and a beta of 0.48. Globe Life has a twelve month low of $127.85 and a twelve month high of $191.55. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.43.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). Globe Life had a return on equity of 20.52% and a net margin of 19.58%.The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $3.05 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. Research analysts forecast that Globe Life will post 15.71 EPS for the current fiscal year.

Globe Life declared that its Board of Directors has initiated a stock repurchase program on Monday, August 10th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 17.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be issued a $0.33 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is currently 8.76%.

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.