Globe Life (NYSE:GL) EVP Robert Edward Hensley Sells 10,000 Shares of Stock

Globe Life Inc. (NYSE:GL) 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 directly owned 12,384 shares of the company’s stock, valued at approximately $2,106,146.88. The trade was a 44.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Globe Life Price Performance

Shares of NYSE:GL traded up $1.27 during midday trading on Wednesday, reaching $170.70. The company’s stock had a trading volume of 106,433 shares, compared to its average volume of 544,281. Globe Life Inc. has a fifty-two week low of $127.85 and a fifty-two week high of $191.55. The business’s fifty day simple moving average is $176.90 and its 200-day simple moving average is $163.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $13.12 billion, a P/E ratio of 11.35 and a beta of 0.46.

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

Globe Life Dividend Announcement

The company also recently declared 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. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, October 5th. Globe Life’s dividend payout ratio is 8.76%.

Globe Life declared that its board has initiated a stock repurchase plan on Monday, August 10th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 17.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on GL shares. Keefe, Bruyette & Woods dropped their price objective on Globe Life from $192.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Wells Fargo & Company lifted their price target on shares of Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. TD Cowen upped their target price on shares of Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Globe Life from $181.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $191.67.

Institutional Investors Weigh In On Globe Life

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Globe Life during the 2nd quarter worth about $987,901,000. State Street Corp raised its holdings in Globe Life by 2.1% during the second quarter. State Street Corp now owns 3,735,409 shares of the company’s stock worth $667,443,000 after acquiring an additional 76,745 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Globe Life by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,353,192 shares of the company’s stock valued at $327,479,000 after purchasing an additional 217,331 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Globe Life by 32.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,435,247 shares of the company’s stock valued at $200,734,000 after purchasing an additional 355,399 shares in the last quarter. Finally, Pzena Investment Management LLC bought a new position in Globe Life in the second quarter valued at approximately $242,256,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Company Profile

Globe Life Inc is an insurance holding company headquartered in McKinney, Texas. Through its subsidiaries, the company markets and distributes individual life insurance and supplemental health insurance products to middle-income households and other consumer segments.

Its product offerings include term and whole life insurance, mortgage protection and final expense coverage, accident and supplemental health insurance, Medicare supplement policies, and annuity products. Globe Life distributes these products through multiple channels, including direct-to-consumer marketing, agency networks, and independent agents.

The company’s principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, United American Insurance Company, and Family Heritage Life Insurance Company of America.