Globe Life (NYSE:GL) Sets New 12-Month High – What’s Next?

Shares of Globe Life Inc. (NYSE:GL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $181.33 and last traded at $180.8140, with a volume of 73595 shares changing hands. The stock had previously closed at $178.68.

Wall Street Analyst Weigh In

GL has been the topic of a number of analyst reports. Piper Sandler lifted their target price on shares of Globe Life from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Weiss Ratings raised Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Truist Financial raised their price objective on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $168.00 price objective on shares of Globe Life in a report on Thursday, March 26th. Finally, Wells Fargo & Company boosted their target price on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.89.

Globe Life Price Performance

The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $159.45 and its 200-day moving average price is $148.05. The stock has a market cap of $14.07 billion, a P/E ratio of 12.52 and a beta of 0.49.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The firm 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 company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Analysts forecast that Globe Life Inc. will post 15.64 earnings per share for the current year.

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $0.33 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.7%. Globe Life’s payout ratio is presently 9.13%.

Insider Activity

In other news, CEO James Matthew Darden sold 4,663 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $153.88, for a total transaction of $717,542.44. Following the completion of the sale, the chief executive officer directly owned 58,451 shares in the company, valued at approximately $8,994,439.88. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Peter Kalmbach sold 15,637 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 45,335 shares in the company, valued at $6,965,722.75. The trade was a 25.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 124,187 shares of company stock valued at $19,529,414. 2.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Globe Life

Several hedge funds have recently made changes to their positions in the business. CYBER HORNET ETFs LLC bought a new position in shares of Globe Life during the second quarter valued at approximately $28,000. Hilton Head Capital Partners LLC bought a new stake in Globe Life in the fourth quarter valued at $30,000. MUFG Securities EMEA plc purchased a new position in Globe Life during the 2nd quarter valued at $31,000. Torren Management LLC purchased a new position in Globe Life during the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc raised its holdings in Globe Life by 41.1% in the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock worth $44,000 after purchasing an additional 92 shares in the last quarter. 81.61% of the stock is owned by hedge funds and other 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.