Proficio Capital Partners LLC Makes New $735,000 Investment in Globe Life Inc. $GL

Proficio Capital Partners LLC bought a new stake in shares of Globe Life Inc. (NYSE:GL) during the 2nd quarter, Holdings Channel.com reports. The fund bought 4,112 shares of the company’s stock, valued at approximately $735,000.

Several other large investors have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new stake in Globe Life during the second quarter valued at about $28,000. Hilton Head Capital Partners LLC bought a new position in Globe Life in the fourth quarter worth about $30,000. MUFG Securities EMEA plc bought a new position in Globe Life in the second quarter worth about $31,000. Torren Management LLC purchased a new stake in shares of Globe Life during the fourth quarter valued at about $37,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Globe Life in the 2nd quarter valued at about $39,000. 81.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GL shares. Wells Fargo & Company lifted their price objective on shares of Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Piper Sandler raised their target price on shares of Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. TD Cowen lifted their price target on shares of Globe Life from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised their price objective on Globe Life from $181.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.67.

Insider Activity

In related news, Director Cheryl Alston sold 8,258 shares of Globe Life stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $179.24, for a total transaction of $1,480,163.92. Following the completion of the sale, the director owned 16,621 shares of the company’s stock, valued at $2,979,148.04. The trade was a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thomas Peter Kalmbach sold 21,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $180.06, for a total transaction of $3,781,260.00. Following the completion of the transaction, the chief financial officer owned 50,568 shares in the company, valued at approximately $9,105,274.08. This trade represents a 29.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 151,908 shares of company stock valued at $27,239,981. 2.11% of the stock is owned by insiders.

Globe Life Trading Up 1.9%

NYSE:GL opened at $175.56 on Thursday. The company has a market capitalization of $13.49 billion, a P/E ratio of 11.66 and a beta of 0.48. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.43. Globe Life Inc. has a 12 month low of $127.85 and a 12 month high of $191.55. The firm has a fifty day simple moving average of $178.63 and a 200-day simple moving average of $159.23.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($0.06). Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company earned $3.05 earnings per share. Globe Life’s revenue was up 8.0% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, equities research analysts anticipate that Globe Life Inc. will post 15.71 earnings per share for the current year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, October 5th. Globe Life’s dividend payout ratio (DPR) is presently 8.76%.

Globe Life declared that its board has initiated a share repurchase plan on Monday, August 10th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 17.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.