Jefferies Financial Group Inc. Acquires New Position in Globe Life Inc. $GL

Jefferies Financial Group Inc. acquired a new position in shares of Globe Life Inc. (NYSE:GL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,006 shares of the company’s stock, valued at approximately $1,252,000.

Other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in Globe Life in the fourth quarter valued at approximately $2,073,000. Northwestern Mutual Wealth Management Co. increased its stake in Globe Life by 34,786.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock worth $123,345,000 after acquiring an additional 879,391 shares during the last quarter. Strs Ohio raised its position in Globe Life by 213.7% in the fourth quarter. Strs Ohio now owns 21,907 shares of the company’s stock valued at $3,064,000 after purchasing an additional 14,924 shares during the period. Handelsbanken Fonder AB raised its position in Globe Life by 23.1% in the fourth quarter. Handelsbanken Fonder AB now owns 75,235 shares of the company’s stock valued at $10,522,000 after purchasing an additional 14,135 shares during the period. Finally, Norges Bank acquired a new position in shares of Globe Life in the 4th quarter valued at $155,617,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

Globe Life Trading Up 0.4%

NYSE GL opened at $173.41 on Monday. The firm has a 50 day simple moving average of $178.77 and a 200-day simple moving average of $159.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.07 and a current ratio of 0.07. Globe Life Inc. has a one year low of $127.85 and a one year high of $191.55. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 11.51 and a beta of 0.48.

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

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life’s dividend payout ratio is currently 8.76%.

Globe Life declared that its Board of Directors has initiated a share buyback plan on Monday, August 10th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to repurchase up to 17.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

GL has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Globe Life from $181.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. TD Cowen upped their target price on shares of Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Piper Sandler lifted 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. Finally, Morgan Stanley upped their price objective on shares of Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. One investment 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 stock. According to data from MarketBeat, Globe Life currently has a consensus rating of “Moderate Buy” and an average price target of $191.67.

Insider Buying and Selling at Globe Life

In other news, CEO James Matthew Darden sold 50,000 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $182.43, for a total value of $9,121,500.00. Following the sale, the chief executive officer directly owned 58,451 shares in the company, valued at approximately $10,663,215.93. This trade represents a 46.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Clay Majors sold 37,000 shares of Globe Life stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.64, for a total value of $6,609,680.00. Following the completion of the transaction, the executive vice president owned 53,518 shares of the company’s stock, valued at approximately $9,560,455.52. This trade represents a 40.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 151,908 shares of company stock valued at $27,239,981. Insiders own 2.11% of the company’s stock.

Globe Life Profile

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.