Globe Life (NYSE:GL) CEO Sells $3,133,600.00 in Stock

Globe Life Inc. (NYSE:GL) CEO Frank Svoboda sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $156.68, for a total transaction of $3,133,600.00. Following the completion of the transaction, the chief executive officer directly owned 54,020 shares of the company’s stock, valued at $8,463,853.60. This trade represents a 27.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Globe Life Stock Up 0.5%

NYSE:GL traded up $0.75 during trading hours on Tuesday, reaching $157.03. The company’s stock had a trading volume of 166,192 shares, compared to its average volume of 520,186. The company has a market capitalization of $12.19 billion, a P/E ratio of 10.86 and a beta of 0.50. Globe Life Inc. has a 12 month low of $116.73 and a 12 month high of $157.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50 day moving average price of $147.59 and a two-hundred day moving average price of $142.15.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 20.94% and a net margin of 19.38%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Equities analysts predict that Globe Life Inc. will post 15.57 EPS for the current fiscal year.

Globe Life Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. Globe Life’s payout ratio is 9.13%.

Hedge Funds Weigh In On Globe Life

Hedge funds have recently made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new position in shares of Globe Life in the 4th quarter valued at $30,000. CYBER HORNET ETFs LLC acquired a new position in shares of Globe Life in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc acquired a new position in shares of Globe Life in the 2nd quarter valued at $31,000. Torren Management LLC acquired a new position in shares of Globe Life in the 4th quarter valued at $37,000. Finally, Root Financial Partners LLC acquired a new position in shares of Globe Life in the 3rd quarter valued at $44,000. 81.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GL. JPMorgan Chase & Co. upped their price target on Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Morgan Stanley upped their price target on Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Texas Capital raised Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. Truist Financial upped their price target on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $168.00 price target on shares of Globe Life in a research report on Thursday, March 26th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.11.

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.