Globe Life (NYSE:GL) CEO Sells $717,542.44 in Stock

Globe Life Inc. (NYSE:GL) CEO James Matthew Darden sold 4,663 shares of Globe Life stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $153.88, for a total value of $717,542.44. Following the completion of the transaction, the chief executive officer owned 58,451 shares of the company’s stock, valued at approximately $8,994,439.88. This represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

James Matthew Darden also recently made the following trade(s):

• On Wednesday, March 4th, James Matthew Darden sold 18,318 shares of Globe Life stock. The stock was sold at an average price of $145.10, for a total transaction of $2,657,941.80.
• On Friday, February 27th, James Matthew Darden sold 9,527 shares of Globe Life stock. The stock was sold at an average price of $144.34, for a total transaction of $1,375,127.18.

Globe Life Stock Down 1.1%

NYSE GL opened at $152.68 on Friday. 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 company has a fifty day moving average of $144.32 and a two-hundred day moving average of $139.98. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 10.56 and a beta of 0.50. Globe Life Inc. has a 52 week low of $116.73 and a 52 week high of $155.08.

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

Globe Life Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Weiss Ratings lowered Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Truist Financial boosted their target price on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Evercore set a $157.00 target price on shares of Globe Life in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $172.67.

Institutional Trading of Globe Life

A number of large investors have recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in shares of Globe Life in the third quarter valued at approximately $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Globe Life in the second quarter valued at approximately $28,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Globe Life in the fourth quarter valued at approximately $30,000. MUFG Securities EMEA plc purchased a new stake in shares of Globe Life in the second quarter valued at approximately $31,000. Finally, Quent Capital LLC purchased a new stake in shares of Globe Life in the third quarter valued at approximately $36,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

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.