Globe Life Inc. (NYSE:GL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Globe Life Inc. (NYSE:GL) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $166.2222.

Several equities research analysts recently issued reports on GL shares. Truist Financial raised their target price on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Piper Sandler reiterated an “overweight” rating and issued a $167.00 price target on shares of Globe Life in a report on Friday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Cowen restated a “buy” rating on shares of Globe Life in a report on Thursday, December 11th. Finally, Wells Fargo & Company reduced their target price on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, October 24th.

Globe Life Price Performance

Shares of NYSE:GL opened at $138.89 on Friday. The company has a market cap of $11.06 billion, a P/E ratio of 10.06 and a beta of 0.48. The business has a fifty day simple moving average of $137.07 and a 200-day simple moving average of $135.88. Globe Life has a 52 week low of $109.38 and a 52 week high of $147.83. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.41.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.27. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. Globe Life had a return on equity of 21.81% and a net margin of 19.36%.During the same period last year, the company earned $3.44 EPS. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. Equities research analysts forecast that Globe Life will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 5th. Globe Life’s payout ratio is currently 7.83%.

Insider Activity

In related news, CEO Frank M. Svoboda sold 9,379 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $140.43, for a total transaction of $1,317,092.97. Following the completion of the sale, the chief executive officer owned 35,868 shares of the company’s stock, valued at approximately $5,036,943.24. This represents a 20.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.51% of the company’s stock.

Institutional Investors Weigh In On Globe Life

Several institutional investors have recently bought and sold shares of GL. Mather Group LLC. purchased a new position in shares of Globe Life in the 3rd quarter valued at $28,000. Global Assets Advisory LLC acquired a new stake in Globe Life in the 2nd quarter valued at $25,000. AdvisorNet Financial Inc raised its position in Globe Life by 60.0% in the second quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Globe Life during the second quarter worth about $28,000. Finally, Assetmark Inc. boosted its position in shares of Globe Life by 777.8% in the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after buying an additional 210 shares during the period. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

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.