Globe Life Inc. (NYSE:GL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Globe Life Inc. (NYSE:GL) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $174.1111.

GL has been the topic of a number of analyst reports. Truist Financial lifted their price objective on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings raised Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Evercore set a $157.00 target price on Globe Life in a report on Wednesday, February 18th. Piper Sandler raised their target price on Globe Life from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Texas Capital raised Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th.

Globe Life Stock Performance

NYSE GL opened at $157.23 on Tuesday. Globe Life has a 52-week low of $116.73 and a 52-week high of $159.36. The business’s 50-day moving average price is $150.83 and its 200 day moving average price is $143.70. The firm has a market cap of $12.21 billion, a P/E ratio of 10.87 and a beta of 0.49. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38.

Globe Life (NYSE:GL) last announced its quarterly earnings data 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). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the firm posted $3.07 EPS. Globe Life’s revenue for the quarter was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, equities research analysts expect that Globe Life will post 15.62 earnings per share 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 $0.33 dividend. 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 dividend payout ratio (DPR) is 9.13%.

Insiders Place Their Bets

In other Globe Life news, CEO Frank M. Svoboda sold 20,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $156.68, for a total value of $3,133,600.00. Following the completion of the sale, the chief executive officer owned 54,020 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CFO Thomas Peter Kalmbach sold 7,936 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 50,496 shares of the company’s stock, valued at approximately $7,907,168.64. This trade represents a 13.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,929 shares of company stock worth $16,382,450 in the last ninety days. 2.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Globe Life

Institutional investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Globe Life during the 4th quarter worth approximately $30,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Globe Life during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Globe Life during the 2nd quarter worth approximately $31,000. Torren Management LLC purchased a new stake in shares of Globe Life during the 4th quarter worth approximately $37,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Globe Life by 41.1% during the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock worth $44,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other 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.