New York State Teachers Retirement System Sells 5,033 Shares of Globe Life Inc. $GL

New York State Teachers Retirement System lessened its holdings in shares of Globe Life Inc. (NYSE:GL) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 88,425 shares of the company’s stock after selling 5,033 shares during the period. New York State Teachers Retirement System’s holdings in Globe Life were worth $12,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new stake in Globe Life during the 3rd quarter valued at $28,000. CYBER HORNET ETFs LLC bought a new stake in Globe Life during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc bought a new stake in Globe Life during the 2nd quarter worth approximately $31,000. Quent Capital LLC bought a new stake in Globe Life during the 3rd quarter worth approximately $36,000. Finally, Torren Management LLC bought a new stake in Globe Life during the 4th quarter worth approximately $37,000. Institutional investors own 81.61% of the company’s stock.

Insider Activity at Globe Life

In related news, CMO Jennifer Allison Haworth sold 10,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the completion of the transaction, the chief marketing officer owned 17,479 shares in the company, valued at approximately $2,501,944.06. This represents a 36.39% 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 Frank M. Svoboda sold 12,500 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $144.78, for a total value of $1,809,750.00. Following the transaction, the chief executive officer directly owned 35,868 shares of the company’s stock, valued at approximately $5,192,969.04. This trade represents a 25.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 121,470 shares of company stock valued at $17,988,368 in the last 90 days. 2.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on GL shares. Truist Financial boosted their price objective on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Piper Sandler upgraded shares of Globe Life to a “strong-buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company upped their target price on shares of Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, Evercore set a $157.00 target price on shares of Globe Life in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $172.67.

Globe Life Stock Performance

GL stock opened at $152.68 on Monday. The firm has a market cap of $11.98 billion, a PE ratio of 10.56 and a beta of 0.50. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $144.32 and a 200-day moving average of $140.01. Globe Life Inc. has a 12-month low of $116.73 and a 12-month high of $155.08.

Globe Life (NYSE:GL) last posted its quarterly earnings results 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 for 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 21.30%. Globe Life’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, sell-side analysts expect that Globe Life Inc. will post 15.53 earnings per share for the current year.

Globe Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 annualized dividend and a yield of 0.9%. Globe Life’s dividend payout ratio is presently 9.13%.

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.