Globe Life Inc. $GL Shares Bought by Interval Partners LP

Interval Partners LP grew its stake in shares of Globe Life Inc. (NYSE:GL) by 53.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 210,162 shares of the company’s stock after purchasing an additional 73,057 shares during the period. Interval Partners LP’s holdings in Globe Life were worth $29,393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Globe Life during the 4th quarter valued at approximately $30,000. CYBER HORNET ETFs LLC acquired a new position in shares of Globe Life during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc acquired a new position in shares of Globe Life during the 2nd quarter worth approximately $31,000. Torren Management LLC acquired a new position in shares of Globe Life during the 4th quarter worth approximately $37,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Globe Life during the 3rd quarter worth approximately $50,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Trading Up 1.3%

Shares of GL opened at $171.29 on Thursday. The stock has a fifty day moving average of $154.48 and a two-hundred day moving average of $145.32. 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 company has a market capitalization of $13.30 billion, a PE ratio of 11.85 and a beta of 0.49. Globe Life Inc. has a fifty-two week low of $116.73 and a fifty-two week high of $171.75.

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

Globe Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 annualized dividend and a yield of 0.8%. Globe Life’s payout ratio is 9.13%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GL. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $168.00 price objective on shares of Globe Life in a research report on Thursday, March 26th. Texas Capital upgraded Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. Evercore set a $157.00 price objective on Globe Life in a research report on Wednesday, February 18th. Truist Financial lifted their price objective on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Morgan Stanley lifted their price objective on Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.11.

Insiders Place Their Bets

In other Globe Life news, CFO Thomas Peter Kalmbach sold 15,637 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $153.65, for a total value of $2,402,625.05. Following the completion of the transaction, the chief financial officer directly owned 45,335 shares in the company, valued at approximately $6,965,722.75. The trade was a 25.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank M. Svoboda sold 20,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $156.68, for a total value of $3,133,600.00. Following the completion of the transaction, the chief executive officer owned 54,020 shares of the company’s stock, valued at $8,463,853.60. This trade represents a 27.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 115,929 shares of company stock valued at $18,049,250. Insiders own 2.11% of the company’s stock.

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.