Globe Life (NYSE:GL) Hits New 12-Month High – Still a Buy?

Shares of Globe Life Inc. (NYSE:GL) reached a new 52-week high on Tuesday . The stock traded as high as $175.63 and last traded at $172.0670, with a volume of 895306 shares traded. The stock had previously closed at $170.76.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GL shares. Truist Financial upped their price objective on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Morgan Stanley increased their price target on shares of Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $168.00 price objective on shares of Globe Life in a report on Thursday, March 26th. Finally, Texas Capital raised shares of Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Globe Life has an average rating of “Moderate Buy” and a consensus price target of $174.11.

Globe Life Trading Up 0.8%

The company has a market cap of $13.36 billion, a P/E ratio of 11.90 and a beta of 0.49. 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 firm’s 50-day moving average price is $155.99 and its 200-day moving average price is $146.14.

Globe Life (NYSE:GL) last released 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). Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $3.07 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, equities research analysts expect that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.

Globe Life Announces Dividend

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

Insider Buying and Selling

In related news, EVP Michael Clay Majors sold 34,000 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the sale, the executive vice president directly owned 53,518 shares in the company, valued at approximately $8,231,603.58. The trade was a 38.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank M. Svoboda sold 20,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $156.68, for a total value of $3,133,600.00. Following the sale, the chief executive officer directly owned 54,020 shares in the company, valued at $8,463,853.60. This trade represents a 27.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,929 shares of company stock valued at $18,049,250 in the last ninety days. 2.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Globe Life

Institutional investors and hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new position in Globe Life during the fourth quarter valued at approximately $30,000. CYBER HORNET ETFs LLC purchased a new stake in Globe Life in the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc bought a new position in Globe Life in the 2nd quarter valued at $31,000. Torren Management LLC bought a new position in Globe Life in the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc grew its position in shares of Globe Life by 41.1% during the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock valued at $44,000 after purchasing an additional 92 shares in the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

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.