Clear Creek Financial Management LLC Buys Shares of 2,106 Globe Life Inc. $GL

Clear Creek Financial Management LLC bought a new stake in shares of Globe Life Inc. (NYSE:GL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,106 shares of the company’s stock, valued at approximately $262,000.

Other large investors have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in Globe Life during the 2nd quarter valued at about $25,000. AdvisorNet Financial Inc raised its holdings in shares of Globe Life by 60.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Globe Life in the 2nd quarter worth approximately $39,000. SouthState Corp bought a new stake in shares of Globe Life in the 1st quarter worth approximately $43,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Globe Life in the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Performance

Shares of GL opened at $135.71 on Friday. Globe Life Inc. has a one year low of $100.27 and a one year high of $147.83. The company has a 50-day moving average of $140.22 and a two-hundred day moving average of $128.78. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 10.85 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.06 and a quick ratio of 0.06.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, July 23rd. The company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.25 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Globe Life had a return on equity of 21.24% and a net margin of 18.11%.The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.97 EPS. Globe Life has set its FY 2025 guidance at 14.250-14.650 EPS. On average, equities research analysts expect that Globe Life Inc. will post 13.87 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, October 31st. Investors of record on Friday, October 3rd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 3rd. Globe Life’s dividend payout ratio (DPR) is currently 8.63%.

Analysts Set New Price Targets

GL has been the topic of a number of research reports. Morgan Stanley set a $179.00 target price on shares of Globe Life and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Globe Life in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Globe Life from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Cfra Research upgraded shares of Globe Life to a “moderate buy” rating in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Globe Life from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Globe Life presently has an average rating of “Moderate Buy” and an average price target of $155.70.

Insider Activity at Globe Life

In related news, CEO James Matthew Darden sold 33,270 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $135.59, for a total transaction of $4,511,079.30. Following the completion of the sale, the chief executive officer directly owned 49,842 shares in the company, valued at approximately $6,758,076.78. This trade represents a 40.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frank M. Svoboda sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $141.38, for a total transaction of $1,767,250.00. Following the sale, the chief executive officer owned 32,747 shares of the company’s stock, valued at approximately $4,629,770.86. This represents a 27.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,722 shares of company stock valued at $11,733,793. 1.51% of the stock is owned by company insiders.

About Globe Life

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.