Globe Life Inc. (NYSE:GL) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Globe Life Inc. (NYSE:GL) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $189.56.

Several research firms have issued reports on GL. Weiss Ratings cut shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 6th. Morgan Stanley dropped their price objective on shares of Globe Life from $208.00 to $197.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Jefferies Financial Group lifted their price target on shares of Globe Life from $147.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. boosted their price objective on Globe Life from $193.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday. Finally, TD Cowen increased their price objective on Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd.

Globe Life Price Performance

Shares of NYSE:GL opened at $168.49 on Monday. The company has a market capitalization of $12.95 billion, a P/E ratio of 11.19 and a beta of 0.44. 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 has a 1-year low of $127.85 and a 1-year high of $191.55. The firm’s 50 day simple moving average is $171.45 and its two-hundred day simple moving average is $166.26.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). The company 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%. Globe Life’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.05 EPS. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. Research analysts expect that Globe Life will post 15.70 EPS for the current fiscal year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, October 5th. Globe Life’s dividend payout ratio (DPR) is presently 8.76%.

Globe Life declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 10th that permits the company to buy back $2.50 billion in shares. This repurchase authorization permits the company to purchase up to 17.7% of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Globe Life

In other news, CEO James Darden sold 50,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $182.43, for a total value of $9,121,500.00. Following the sale, the chief executive officer directly owned 58,451 shares in the company, valued at $10,663,215.93. This represents a 46.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Hensley sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the sale, the executive vice president owned 12,384 shares in the company, valued at approximately $2,106,146.88. This trade represents a 44.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 143,650 shares of company stock worth $25,793,717 over the last three months. 2.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Globe Life

Large investors have recently modified their holdings of the stock. USA Financial Formulas bought a new position in shares of Globe Life during the third quarter valued at approximately $576,000. Ellsworth Advisors LLC bought a new position in Globe Life in the 3rd quarter valued at about $516,000. V Square Quantitative Management LLC raised its position in shares of Globe Life by 7.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,169 shares of the company’s stock worth $359,000 after buying an additional 154 shares in the last quarter. Mather Group LLC. boosted its stake in Globe Life by 9.5% during the third quarter. Mather Group LLC. now owns 773 shares of the company’s stock valued at $128,000 after buying an additional 67 shares in the last quarter. Finally, Fortitude Family Office LLC grew its holdings in Globe Life by 94.6% during the third quarter. Fortitude Family Office LLC now owns 327 shares of the company’s stock worth $54,000 after acquiring an additional 159 shares during the period. Institutional investors own 81.61% of the company’s stock.

About Globe Life

Globe Life Inc (NYSE: GL) is an insurance holding company that provides life and supplemental health insurance products to individuals and families in the United States. Its offerings include term and whole life insurance, mortgage protection coverage, accident and supplemental health policies, and Medicare supplement insurance.

The company distributes its products through a network of insurance agencies, independent agents, and direct-to-consumer channels. Its principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, and Family Heritage Life Insurance Company.