2,979 Shares in Globe Life Inc. $GL Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of Globe Life Inc. (NYSE:GL) in the second quarter, HoldingsChannel reports. The firm acquired 2,979 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds also recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in Globe Life in the second quarter worth $28,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Globe Life during the fourth quarter valued at $30,000. MUFG Securities EMEA plc bought a new position in shares of Globe Life in the second quarter worth about $31,000. Torren Management LLC bought a new position in shares of Globe Life in the fourth quarter worth about $37,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Globe Life in the second quarter worth about $39,000. Institutional investors own 81.61% of the company’s stock.

Insider Activity at Globe Life

In other Globe Life news, CEO Frank M. Svoboda sold 10,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.68, for a total transaction of $1,666,800.00. Following the sale, the chief executive officer owned 54,020 shares of the company’s stock, valued at approximately $9,004,053.60. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cheryl Alston sold 8,258 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $179.24, for a total value of $1,480,163.92. Following the sale, the director directly owned 16,621 shares in the company, valued at $2,979,148.04. This trade represents a 33.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 151,908 shares of company stock valued at $27,239,981 over the last quarter. 2.11% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GL. TD Cowen lifted their price objective on shares of Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Piper Sandler upped their target price on shares of Globe Life from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods reduced their target price on shares of Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Globe Life from $181.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings lowered Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.67.

Globe Life Stock Performance

GL stock opened at $172.44 on Wednesday. Globe Life Inc. has a 1-year low of $127.85 and a 1-year high of $191.55. The business has a 50-day moving average price of $178.54 and a 200 day moving average price of $159.03. The company has a market capitalization of $13.25 billion, a P/E ratio of 11.45 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.07 and a quick ratio of 0.07.

Globe Life (NYSE:GL) last issued 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). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Globe Life had a return on equity of 20.52% and a net margin of 19.58%.The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, equities research analysts forecast that Globe Life Inc. will post 15.71 EPS for the current fiscal year.

Globe Life announced that its Board of Directors has authorized a share repurchase plan on Monday, August 10th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 17.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Globe Life Announces Dividend

The firm 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 dividend of $0.33 per share. The ex-dividend date is Monday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is currently 8.76%.

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.