17,659 Shares in Globe Life Inc. $GL Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB acquired a new stake in shares of Globe Life Inc. (NYSE:GL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,659 shares of the company’s stock, valued at approximately $2,458,000.

Several other large investors have also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC purchased a new stake in Globe Life in the 2nd quarter worth approximately $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Globe Life during the 4th quarter valued at $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Globe Life during the 2nd quarter valued at $31,000. Torren Management LLC purchased a new position in shares of Globe Life during the 4th quarter valued at $37,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Globe Life in the third quarter worth $50,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Insider Buying and Selling

In other news, CFO Thomas Peter Kalmbach sold 15,637 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $153.65, for a total transaction of $2,402,625.05. Following the transaction, the chief financial officer owned 45,335 shares of the company’s stock, valued at approximately $6,965,722.75. This represents a 25.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Clay Majors sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $153.81, for a total value of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares in the company, valued at $8,231,603.58. The trade was a 38.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,929 shares of company stock valued at $18,049,250 in the last three months. 2.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley increased their price objective on Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Texas Capital upgraded Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Truist Financial upped their target price on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Piper Sandler upped their target price on Globe Life from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.11.

Globe Life Stock Performance

Shares of GL opened at $171.05 on Monday. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 11.83 and a beta of 0.49. The company’s fifty day moving average is $155.49 and its 200-day moving average is $145.85. 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 Inc. has a 12 month low of $116.73 and a 12 month high of $172.74.

Globe Life (NYSE:GL) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Equities analysts expect that Globe Life Inc. will post 15.64 EPS for the current fiscal year.

Globe Life Announces Dividend

The business 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. This represents a $1.32 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio (DPR) is 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.