Brokerages Set Globe Life Inc. (NYSE:GL) PT at $175.89

Globe Life Inc. (NYSE:GL) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $178.8889.

Several equities analysts recently issued reports on GL shares. Texas Capital upgraded Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $168.00 price objective on shares of Globe Life in a report on Thursday, March 26th. Piper Sandler upped their target price on shares of Globe Life from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley raised their target price on shares of Globe Life from $181.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Truist Financial lifted their price target on shares of Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th.

Insider Activity

In other news, CFO Thomas Peter Kalmbach sold 7,936 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $156.59, for a total value of $1,242,698.24. Following the transaction, the chief financial officer owned 50,496 shares of the company’s stock, valued at $7,907,168.64. This represents a 13.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Clay Majors sold 34,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $153.81, for a total value of $5,229,540.00. Following the completion of the transaction, the executive vice president owned 53,518 shares in the company, valued at $8,231,603.58. This represents a 38.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 124,187 shares of company stock worth $19,529,414. Corporate insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

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

Globe Life Stock Performance

GL stock opened at $176.89 on Friday. The company has a 50 day moving average price of $162.65 and a 200 day moving average price of $149.70. Globe Life has a fifty-two week low of $116.73 and a fifty-two week high of $182.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $13.73 billion, a PE ratio of 12.23 and a beta of 0.47.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Analysts forecast that Globe Life will post 15.64 EPS for the current year.

Globe Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s payout ratio is currently 9.13%.

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.