Comerica Bank Sells 139,930 Shares of Globe Life Inc. $GL

Comerica Bank lessened its stake in Globe Life Inc. (NYSE:GL) by 91.7% in the 4th quarter, HoldingsChannel reports. The fund owned 12,732 shares of the company’s stock after selling 139,930 shares during the quarter. Comerica Bank’s holdings in Globe Life were worth $1,781,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GL. Mather Group LLC. acquired a new position in Globe Life during the 3rd quarter worth $28,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Globe Life in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in shares of Globe Life during the second quarter worth $31,000. Quent Capital LLC bought a new stake in shares of Globe Life during the third quarter worth $36,000. Finally, Root Financial Partners LLC acquired a new position in shares of Globe Life during the third quarter valued at $44,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GL shares. Weiss Ratings lowered shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. 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. Piper Sandler upgraded shares of Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Finally, Evercore set a $157.00 price objective on shares of Globe Life in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $172.67.

Insider Activity

In other Globe Life news, EVP Michael Clay Majors sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $153.81, for a total value of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares in the company, valued at $8,231,603.58. This trade represents a 38.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Edward Hensley sold 712 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $142.59, for a total value of $101,524.08. Following the transaction, the executive vice president directly owned 8,580 shares in the company, valued at $1,223,422.20. This trade represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 121,470 shares of company stock worth $17,988,368. 2.11% of the stock is currently owned by company insiders.

Globe Life Trading Up 0.2%

NYSE GL opened at $154.49 on Thursday. Globe Life Inc. has a 52 week low of $116.73 and a 52 week high of $156.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50 day moving average price is $144.75 and its two-hundred day moving average price is $140.27. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 10.68 and a beta of 0.50.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 21.30%. Globe Life’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, analysts anticipate that Globe Life Inc. will post 15.53 earnings per share for the current fiscal year.

Globe Life Announces Dividend

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

Globe Life Company 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.