Globe Life Inc. (NYSE:GL) Given Consensus Rating of “Moderate Buy” by Brokerages

Globe Life Inc. (NYSE:GL) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Two investment 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 brokers that have updated their coverage on the stock in the last year is $174.1111.

A number of research firms have recently weighed in on GL. Piper Sandler lifted their price target on Globe Life from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Morgan Stanley raised their price objective on shares of Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and set a $168.00 price objective on shares of Globe Life in a research note on Thursday, March 26th. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Truist Financial raised their price objective on shares of Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 24th.

Globe Life Stock Performance

GL opened at $167.44 on Tuesday. The business’s 50 day moving average is $153.38 and its 200-day moving average is $144.82. The stock has a market cap of $13.00 billion, a PE ratio of 11.58 and a beta of 0.49. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. Globe Life has a twelve month low of $116.73 and a twelve month high of $169.58.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The business had revenue of $1.56 billion for 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 business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, analysts predict that Globe Life will post 15.64 earnings per share for the current year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio (DPR) is currently 9.13%.

Insider Activity at Globe Life

In related news, CEO Frank M. Svoboda sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $156.68, for a total transaction of $3,133,600.00. Following the transaction, the chief executive officer owned 54,020 shares in the company, valued at $8,463,853.60. This trade represents a 27.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Clay Majors sold 34,000 shares of Globe Life stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares in the company, valued at $8,231,603.58. This represents a 38.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,929 shares of company stock worth $18,049,250 over the last ninety days. Insiders own 2.11% of the company’s stock.

Institutional Trading of Globe Life

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Globe Life during the fourth quarter worth approximately $155,617,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Globe Life by 34,786.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock worth $123,345,000 after buying an additional 879,391 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Globe Life by 98.6% during the second quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock worth $174,340,000 after buying an additional 696,548 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Globe Life during the third quarter worth approximately $80,925,000. Finally, Westfield Capital Management Co. LP bought a new stake in Globe Life during the third quarter worth approximately $61,569,000. 81.61% of the stock is currently owned by institutional investors.

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.