CWA Asset Management Group LLC Purchases 6,116 Shares of Globe Life Inc. $GL

CWA Asset Management Group LLC lifted its position in Globe Life Inc. (NYSE:GL) by 20.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,516 shares of the company’s stock after purchasing an additional 6,116 shares during the quarter. CWA Asset Management Group LLC’s holdings in Globe Life were worth $5,107,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Globe Life by 15.7% during the 4th quarter. Avior Wealth Management LLC now owns 3,240 shares of the company’s stock valued at $453,000 after buying an additional 440 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Globe Life by 5.5% in the fourth quarter. Park Avenue Securities LLC now owns 2,983 shares of the company’s stock worth $417,000 after buying an additional 155 shares in the last quarter. GAMMA Investing LLC grew its position in Globe Life by 6.2% during the fourth quarter. GAMMA Investing LLC now owns 6,849 shares of the company’s stock valued at $958,000 after acquiring an additional 399 shares during the last quarter. JPMorgan Chase & Co. grew its position in Globe Life by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company’s stock valued at $35,449,000 after acquiring an additional 24,785 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Globe Life during the third quarter worth approximately $7,348,000. 81.61% of the stock is currently owned by institutional investors.

Insider Transactions at Globe Life

In related news, CEO James Matthew Darden sold 18,318 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $145.10, for a total value of $2,657,941.80. Following the completion of the sale, the chief executive officer owned 51,093 shares of the company’s stock, valued at $7,413,594.30. This trade represents a 26.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Jennifer Allison Haworth sold 10,000 shares of Globe Life stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the completion of the sale, the chief marketing officer owned 17,479 shares in the company, valued at approximately $2,501,944.06. This trade represents a 36.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 82,807 shares of company stock worth $12,041,286. Corporate insiders own 1.51% of the company’s stock.

Globe Life Price Performance

GL stock opened at $136.85 on Friday. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 9.72 and a beta of 0.46. The firm’s 50-day moving average price is $141.82 and its two-hundred day moving average price is $138.95. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.39. Globe Life Inc. has a 12-month low of $109.38 and a 12-month high of $152.71.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Globe Life had a return on equity of 21.30% and a net margin of 19.37%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.14 earnings per share. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. As a group, equities analysts predict that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 3rd will be issued a $0.33 dividend. This is an increase from Globe Life’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, April 2nd. This represents a $1.32 annualized dividend and a yield of 1.0%. Globe Life’s dividend payout ratio (DPR) is 7.67%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GL shares. Weiss Ratings upgraded shares of Globe Life from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and issued a $176.00 target price on shares of Globe Life in a research report on Monday, December 15th. TD Cowen reissued a “buy” rating on shares of Globe Life in a research note on Thursday, December 11th. Piper Sandler restated an “overweight” rating and set a $167.00 price target on shares of Globe Life in a research report on Friday, November 21st. Finally, Evercore set a $157.00 price objective on Globe Life in a research note on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.33.

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.