Atlas Capital Advisors Inc. Invests $809,000 in Globe Life Inc. $GL

Atlas Capital Advisors Inc. acquired a new position in Globe Life Inc. (NYSE:GL) in the 4th quarter, Holdings Channel reports. The firm acquired 5,784 shares of the company’s stock, valued at approximately $809,000.

Several other large investors have also recently made changes to their positions in the business. Hilton Head Capital Partners LLC bought a new stake in Globe Life in the 4th quarter worth approximately $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Globe Life in the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new position in Globe Life during the 2nd quarter valued at about $31,000. Torren Management LLC purchased a new stake in Globe Life in the 4th quarter valued at about $37,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Globe Life in the 3rd quarter valued at about $50,000. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Texas Capital raised shares of Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $168.00 price target on shares of Globe Life in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Evercore set a $157.00 price target on shares of Globe Life in a research note on Wednesday, February 18th. Finally, Piper Sandler boosted their price target on shares of Globe Life from $167.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. One investment 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. Based on data from MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and a consensus target price of $174.11.

Insider Buying and Selling at Globe Life

In related news, CEO Frank M. Svoboda sold 20,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $156.68, for a total value of $3,133,600.00. Following the sale, the chief executive officer directly owned 54,020 shares of the company’s stock, valued at approximately $8,463,853.60. This represents a 27.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Matthew Darden sold 4,663 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $153.88, for a total transaction of $717,542.44. Following the sale, the chief executive officer directly owned 58,451 shares in the company, valued at $8,994,439.88. This represents a 7.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,929 shares of company stock valued at $16,382,450 in the last quarter. Insiders own 2.11% of the company’s stock.

Globe Life Stock Performance

NYSE:GL opened at $166.75 on Monday. The stock has a market cap of $12.95 billion, a PE ratio of 11.53 and a beta of 0.49. Globe Life Inc. has a fifty-two week low of $116.73 and a fifty-two week high of $168.27. The firm’s fifty day simple moving average is $152.88 and its 200-day simple moving average is $144.60. 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 issued its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. Globe Life’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Analysts expect that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s dividend payout ratio is presently 9.13%.

Globe Life Company Profile

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.