Cheryl Alston Sells 8,258 Shares of Globe Life (NYSE:GL) Stock

Globe Life Inc. (NYSE:GL) Director Cheryl Alston sold 8,258 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $179.24, for a total value of $1,480,163.92. Following the sale, the director directly owned 16,621 shares of the company’s stock, valued at $2,979,148.04. The trade was a 33.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Globe Life Trading Up 1.6%

GL stock traded up $2.88 during mid-day trading on Friday, hitting $179.28. 922,553 shares of the company were exchanged, compared to its average volume of 544,512. The business has a fifty day simple moving average of $157.72 and a 200-day simple moving average of $147.09. The firm has a market capitalization of $13.92 billion, a P/E ratio of 12.40 and a beta of 0.49. Globe Life Inc. has a 12-month low of $116.73 and a 12-month high of $181.15. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38.

Globe Life (NYSE:GL) last posted its 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). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business posted $3.07 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, equities research analysts predict that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

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 dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.7%. Globe Life’s dividend payout ratio is 9.13%.

Hedge Funds Weigh In On Globe Life

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in Globe Life by 909.6% during the fourth quarter. SG Americas Securities LLC now owns 99,746 shares of the company’s stock worth $13,950,000 after acquiring an additional 89,866 shares during the period. Tudor Investment Corp ET AL acquired a new position in Globe Life during the third quarter worth about $7,348,000. JPMorgan Chase & Co. grew its holdings in shares of Globe Life by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company’s stock worth $35,449,000 after acquiring an additional 24,785 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in Globe Life during the third quarter worth $5,862,000. Finally, Magnetar Financial LLC boosted its position in Globe Life by 2,185.8% during the third quarter. Magnetar Financial LLC now owns 40,435 shares of the company’s stock worth $5,781,000 after purchasing an additional 38,666 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GL. Piper Sandler increased their target price on shares of Globe Life from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Morgan Stanley increased their price objective on Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. TD Cowen lifted their target price on Globe Life from $199.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price target on Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. One equities research 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.89.

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.