Globe Life (NYSE:GL) Reaches New 52-Week High – Still a Buy?

Globe Life Inc. (NYSE:GL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $158.32 and last traded at $157.7740, with a volume of 83100 shares. The stock had previously closed at $154.31.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GL. Wells Fargo & Company lifted their price target on shares of Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Morgan Stanley raised their price objective on shares of Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Evercore set a $157.00 price objective on shares of Globe Life in a research report on Wednesday, February 18th. Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.11.

Globe Life Stock Up 2.8%

The stock’s fifty day moving average price is $150.03 and its 200-day moving average price is $143.32. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 10.95 and a beta of 0.49.

Globe Life (NYSE:GL) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.56 billion. Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, sell-side analysts predict that Globe Life Inc. will post 15.62 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

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

Insider Activity at Globe Life

In other news, CFO Thomas Peter Kalmbach sold 15,637 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $153.65, for a total transaction of $2,402,625.05. Following the transaction, the chief financial officer directly owned 45,335 shares of the company’s stock, valued at approximately $6,965,722.75. This trade represents a 25.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Clay Majors sold 34,000 shares of Globe Life stock in a transaction on Friday, April 24th. The shares were sold at an average price of $153.81, for a total value of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares of the company’s stock, valued at $8,231,603.58. This represents a 38.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,929 shares of company stock worth $16,382,450 in the last quarter. Corporate insiders own 2.11% of the company’s stock.

Institutional Trading of Globe Life

Several large investors have recently bought and sold shares of GL. Norges Bank bought a new position in Globe Life in the 4th quarter valued at approximately $155,617,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Globe Life by 34,786.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock worth $123,345,000 after buying an additional 879,391 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Globe Life by 98.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock valued at $174,340,000 after acquiring an additional 696,548 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Globe Life during the 3rd quarter valued at $80,925,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Globe Life during the 3rd quarter valued at $61,569,000. 81.61% of the stock is owned by institutional investors and hedge funds.

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.