Globe Life Inc. (NYSE:GL) Receives Consensus Recommendation of “Buy” from Analysts

Globe Life Inc. (NYSE:GL) has earned an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $172.6667.

GL has been the subject of several recent research reports. Piper Sandler upgraded shares of Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Evercore set a $157.00 price objective on Globe Life in a research note on Wednesday, February 18th. Weiss Ratings upgraded Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Texas Capital upgraded Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Keefe, Bruyette & Woods reiterated a “moderate buy” rating and set a $168.00 price objective on shares of Globe Life in a research note on Thursday, March 26th.

Insider Buying and Selling

In other news, CFO Thomas Peter Kalmbach sold 15,637 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $153.65, for a total transaction of $2,402,625.05. Following the sale, the chief financial officer owned 45,335 shares in the company, valued at $6,965,722.75. This represents a 25.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert Edward Hensley sold 712 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $142.59, for a total value of $101,524.08. Following the sale, the executive vice president owned 8,580 shares in the company, valued at approximately $1,223,422.20. This represents a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 94,647 shares of company stock worth $14,276,616. 2.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Globe Life

Large investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new stake in Globe Life in the 4th quarter valued at $30,000. CYBER HORNET ETFs LLC bought a new stake in Globe Life in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in Globe Life in the 2nd quarter valued at $31,000. Quent Capital LLC bought a new stake in Globe Life in the 3rd quarter valued at $36,000. Finally, Torren Management LLC bought a new stake in Globe Life in the 4th quarter valued at $37,000. Institutional investors own 81.61% of the company’s stock.

Globe Life Stock Performance

Shares of GL opened at $150.77 on Friday. Globe Life has a 12 month low of $116.73 and a 12 month high of $157.92. The firm has a fifty day simple moving average of $146.41 and a 200 day simple moving average of $141.47. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 10.43 and a beta of 0.50. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38.

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). 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 for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Research analysts forecast that Globe Life will post 15.56 EPS for the current fiscal year.

Globe Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.9%. Globe Life’s dividend payout ratio is currently 9.13%.

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.