LSV Asset Management Decreases Stock Holdings in Globe Life Inc. $GL

LSV Asset Management trimmed its position in shares of Globe Life Inc. (NYSE:GL) by 10.5% during the 4th quarter, Holdings Channel reports. The fund owned 59,415 shares of the company’s stock after selling 7,000 shares during the period. LSV Asset Management’s holdings in Globe Life were worth $8,310,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GL. CYBER HORNET ETFs LLC purchased a new stake in shares of Globe Life during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in Globe Life during the 2nd quarter valued at $31,000. Torren Management LLC purchased a new stake in Globe Life during the 4th quarter valued at $37,000. Root Financial Partners LLC purchased a new stake in Globe Life during the 3rd quarter valued at $44,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Globe Life during the 3rd quarter valued at $50,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Thomas Peter Kalmbach sold 15,637 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $153.65, for a total transaction of $2,402,625.05. Following the transaction, the chief financial officer owned 45,335 shares of the company’s stock, valued at approximately $6,965,722.75. This represents a 25.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Edward Hensley sold 712 shares of the stock in a transaction 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. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 106,550 shares of company stock worth $16,140,745. Insiders own 2.11% of the company’s stock.

Globe Life Stock Performance

Shares of Globe Life stock opened at $156.46 on Tuesday. The stock’s fifty day moving average is $147.59 and its two-hundred day moving average is $142.15. The company has a market capitalization of $12.15 billion, a PE ratio of 10.82 and a beta of 0.50. 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 Inc. has a 52 week low of $116.73 and a 52 week high of $157.92.

Globe Life (NYSE:GL) last announced 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 business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, analysts expect that Globe Life Inc. will post 15.57 earnings per share for the current year.

Globe Life Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GL shares. Texas Capital upgraded Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Piper Sandler upgraded Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Morgan Stanley increased their price target on Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial increased their price target on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings upgraded Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Two 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. Based on data from MarketBeat, Globe Life currently has a consensus rating of “Buy” and a consensus target price of $173.22.

Globe Life 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.