Globe Life (NYSE:GL) Hits New 1-Year High – What’s Next?

Shares of Globe Life Inc. (NYSE:GL) hit a new 52-week high on Monday . The stock traded as high as $157.73 and last traded at $157.4740, with a volume of 39183 shares traded. The stock had previously closed at $155.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GL shares. Wells Fargo & Company upped their target price on Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Evercore set a $157.00 target price on Globe Life in a report on Wednesday, February 18th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $168.00 target price on shares of Globe Life in a report on Thursday, March 26th. Piper Sandler upgraded Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. upped their target price on Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $172.67.

Globe Life Trading Up 1.3%

The stock has a market capitalization of $12.20 billion, a P/E ratio of 10.87 and a beta of 0.50. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $145.97 and a 200 day moving average price of $141.18.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 EPS 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 return on equity of 20.94% and a net margin of 19.38%.The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, research analysts forecast that Globe Life Inc. will post 15.56 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s payout ratio is presently 9.13%.

Insider Transactions at Globe Life

In related news, CEO James Matthew Darden sold 18,318 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $145.10, for a total transaction of $2,657,941.80. Following the transaction, the chief executive officer directly owned 51,093 shares of the company’s stock, valued at $7,413,594.30. This represents a 26.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Clay Majors sold 34,000 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $153.81, for a total value of $5,229,540.00. Following the transaction, the executive vice president directly owned 53,518 shares in the company, valued at $8,231,603.58. This represents a 38.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 107,147 shares of company stock worth $16,086,366. Company insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new position in Globe Life during the 2nd quarter valued at about $28,000. Hilton Head Capital Partners LLC acquired a new position in Globe Life during the 4th quarter valued at about $30,000. MUFG Securities EMEA plc acquired a new position in Globe Life during the 2nd quarter valued at about $31,000. Quent Capital LLC acquired a new position in Globe Life during the 3rd quarter valued at about $36,000. Finally, Torren Management LLC acquired a new stake in Globe Life during the 4th quarter worth about $37,000. 81.61% of the stock is owned by institutional investors and hedge funds.

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.