Globe Life (NYSE:GL) CFO Thomas Peter Kalmbach Sells 7,936 Shares of Stock

Globe Life Inc. (NYSE:GL) CFO Thomas Peter Kalmbach sold 7,936 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $156.59, for a total value of $1,242,698.24. Following the completion of the transaction, the chief financial officer owned 50,496 shares in the company, valued at approximately $7,907,168.64. The trade was a 13.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Thomas Peter Kalmbach also recently made the following trade(s):

• On Tuesday, May 19th, Thomas Peter Kalmbach sold 11,903 shares of Globe Life stock. The shares were sold at an average price of $156.61, for a total value of $1,864,128.83.
• On Friday, May 8th, Thomas Peter Kalmbach sold 11,790 shares of Globe Life stock. The shares were sold at an average price of $152.02, for a total value of $1,792,315.80.
• On Monday, May 11th, Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock. The shares were sold at an average price of $153.65, for a total value of $2,402,625.05.

Globe Life Price Performance

Globe Life stock opened at $156.97 on Wednesday. Globe Life Inc. has a 12 month low of $116.73 and a 12 month high of $157.92. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $147.96 and its 200 day simple moving average is $142.31. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 10.86 and a beta of 0.50.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.46 by ($0.03). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company posted $3.07 EPS. Globe Life’s revenue for the quarter was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Sell-side analysts forecast that Globe Life Inc. will post 15.57 EPS for the current year.

Globe Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. Globe Life’s payout ratio is presently 9.13%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GL shares. Truist Financial boosted their target price on shares of Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 24th. Evercore set a $157.00 target price on shares of Globe Life in a report on Wednesday, February 18th. Wells Fargo & Company boosted their target price on shares of Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Morgan Stanley boosted their target price on shares of Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and an average price target of $174.11.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GL. Norges Bank bought a new position in shares of Globe Life in the fourth quarter worth $155,617,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Globe Life by 34,786.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock worth $123,345,000 after purchasing an additional 879,391 shares during the period. AQR Capital Management LLC increased its holdings in shares of Globe Life by 98.6% in the second quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock worth $174,340,000 after purchasing an additional 696,548 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Globe Life in the third quarter worth $80,925,000. Finally, Westfield Capital Management Co. LP bought a new position in shares of Globe Life in the third quarter worth $61,569,000. Institutional investors own 81.61% of the company’s stock.

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.