Globe Life (NYSE:GL) CFO Sells $1,864,128.83 in Stock

Globe Life Inc. (NYSE:GL) CFO Thomas Peter Kalmbach sold 11,903 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.61, for a total value of $1,864,128.83. Following the sale, the chief financial officer owned 48,432 shares in the company, valued at $7,584,935.52. This trade represents a 19.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Peter Kalmbach also recently made the following trade(s):

• On Friday, May 8th, Thomas Peter Kalmbach sold 11,790 shares of Globe Life stock. The stock was sold at an average price of $152.02, for a total value of $1,792,315.80.
• On Monday, May 11th, Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock. The shares were sold at an average price of $153.65, for a total value of $2,402,625.05.

Globe Life Trading Up 2.8%

Globe Life stock traded up $4.25 during midday trading on Wednesday, reaching $154.12. The stock had a trading volume of 235,164 shares, compared to its average volume of 519,241. Globe Life Inc. has a twelve month low of $116.73 and a twelve month high of $157.92. The stock has a market capitalization of $11.97 billion, a PE ratio of 10.67 and a beta of 0.50. 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’s 50-day simple moving average is $146.41 and its 200 day simple moving average is $141.47.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business posted $3.07 EPS. Globe Life’s revenue 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. Analysts expect that Globe Life Inc. will post 15.56 EPS for the current year.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $0.33 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.9%. Globe Life’s dividend payout ratio (DPR) is presently 9.13%.

Analyst Ratings Changes

A number of research analysts recently weighed in on GL shares. Wells Fargo & Company lifted their target price on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, April 10th. JPMorgan Chase & Co. boosted their price objective on Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Truist Financial boosted their price objective on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Globe Life currently has a consensus rating of “Buy” and a consensus target price of $172.67.

Institutional Trading of Globe Life

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH grew its holdings in Globe Life by 55.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 82,263 shares of the company’s stock worth $11,761,000 after buying an additional 29,256 shares in the last quarter. Retirement Systems of Alabama bought a new position in Globe Life in the 3rd quarter worth approximately $2,470,000. Pzena Investment Management LLC boosted its stake in Globe Life by 5.6% during the 3rd quarter. Pzena Investment Management LLC now owns 998,506 shares of the company’s stock valued at $142,756,000 after purchasing an additional 52,523 shares in the last quarter. SG Americas Securities LLC boosted its stake in Globe Life by 909.6% during the 4th quarter. SG Americas Securities LLC now owns 99,746 shares of the company’s stock valued at $13,950,000 after purchasing an additional 89,866 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in Globe Life during the 3rd quarter valued at $9,064,000. 81.61% of the stock is owned by hedge funds and other institutional investors.

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.