LSV Asset Management Has $9.50 Million Position in Globe Life Inc. $GL

LSV Asset Management raised its holdings in shares of Globe Life Inc. (NYSE:GL) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,415 shares of the company’s stock after purchasing an additional 9,335 shares during the quarter. LSV Asset Management’s holdings in Globe Life were worth $9,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. bought a new position in shares of Globe Life in the third quarter valued at about $28,000. CYBER HORNET ETFs LLC acquired a new position in Globe Life in the 2nd quarter valued at about $28,000. Assetmark Inc. raised its holdings in Globe Life by 777.8% in the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after acquiring an additional 210 shares during the period. MUFG Securities EMEA plc acquired a new stake in Globe Life during the second quarter worth approximately $31,000. Finally, Quent Capital LLC bought a new stake in shares of Globe Life during the third quarter worth approximately $36,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating and set a $176.00 price objective on shares of Globe Life in a research report on Monday, December 15th. Piper Sandler reissued an “overweight” rating and issued a $167.00 target price on shares of Globe Life in a research report on Friday, November 21st. Evercore downgraded shares of Globe Life from an “outperform” rating to an “in-line” rating and set a $155.00 price target on the stock. in a research note on Tuesday, January 6th. Finally, Truist Financial lifted their price objective on shares of Globe Life from $158.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.00.

Globe Life Stock Performance

Shares of Globe Life stock opened at $144.46 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The company has a market cap of $11.50 billion, a PE ratio of 10.26 and a beta of 0.47. The company has a 50 day moving average of $140.57 and a 200-day moving average of $138.41. Globe Life Inc. has a 1-year low of $109.38 and a 1-year high of $152.71.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $3.39 EPS for the quarter, missing the consensus estimate of $3.44 by ($0.05). Globe Life had a net margin of 19.37% and a return on equity of 21.75%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. As a group, equities research analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Globe Life news, EVP Michael Clay Majors sold 30,000 shares of Globe Life stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $146.89, for a total value of $4,406,700.00. Following the transaction, the executive vice president owned 47,066 shares in the company, valued at $6,913,524.74. The trade was a 38.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Jennifer Allison Haworth sold 10,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the completion of the transaction, the chief marketing officer directly owned 17,479 shares of the company’s stock, valued at $2,501,944.06. This trade represents a 36.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,129 shares of company stock worth $7,414,035 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.

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.