Strategic Family Wealth Counselors L.L.C. Acquires New Position in Globe Life Inc. $GL

Strategic Family Wealth Counselors L.L.C. acquired a new stake in Globe Life Inc. (NYSE:GL) during the fourth quarter, Holdings Channel.com reports. The fund acquired 3,920 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in Globe Life in the second quarter valued at approximately $28,000. MUFG Securities EMEA plc bought a new stake in shares of Globe Life during the second quarter worth $31,000. Quent Capital LLC bought a new stake in shares of Globe Life during the third quarter worth $36,000. Torren Management LLC bought a new stake in shares of Globe Life during the fourth quarter worth $37,000. Finally, Root Financial Partners LLC bought a new stake in shares of Globe Life during the third quarter worth $44,000. 81.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Texas Capital raised shares of Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Weiss Ratings cut shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Piper Sandler raised shares of Globe Life to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $172.67.

Globe Life Price Performance

Shares of NYSE:GL opened at $152.87 on Thursday. The firm has a market cap of $11.87 billion, a PE ratio of 10.57 and a beta of 0.50. The firm’s fifty day moving average is $145.57 and its 200-day moving average is $140.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. Globe Life Inc. has a 52 week low of $116.73 and a 52 week high of $156.69.

Globe Life (NYSE:GL) last issued its quarterly earnings results 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 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%.Globe Life’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Sell-side analysts predict that Globe Life Inc. will post 15.56 earnings per share for the current year.

Globe Life Announces Dividend

The firm 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, July 6th. Globe Life’s payout ratio is 9.13%.

Insider Activity at Globe Life

In other news, CFO Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock in a transaction 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 owned 45,335 shares in the company, valued at approximately $6,965,722.75. The trade was a 25.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Edward Hensley sold 712 shares of Globe Life stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $142.59, for a total transaction of $101,524.08. Following the transaction, the executive vice president owned 8,580 shares in the company, valued at approximately $1,223,422.20. This trade represents a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 107,147 shares of company stock valued at $16,086,366 in the last quarter. Insiders own 2.11% of the company’s stock.

About Globe Life

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.