Cheryl Alston Sells 8,258 Shares of Globe Life (NYSE:GL) Stock

Globe Life Inc. (NYSE:GL) Director Cheryl Alston sold 8,258 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $179.24, for a total transaction of $1,480,163.92. Following the completion of the transaction, the director directly owned 16,621 shares of the company’s stock, valued at approximately $2,979,148.04. This represents a 33.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Globe Life Price Performance

Shares of NYSE:GL opened at $179.28 on Friday. The company’s fifty day moving average price is $158.33 and its 200-day moving average price is $147.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 12.40 and a beta of 0.49. Globe Life Inc. has a one year low of $116.73 and a one year high of $181.15.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted $3.07 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, equities research analysts anticipate that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GL. CYBER HORNET ETFs LLC bought a new position in Globe Life in the second quarter worth $28,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Globe Life in the 4th quarter worth about $30,000. MUFG Securities EMEA plc bought a new position in shares of Globe Life in the 2nd quarter worth about $31,000. Torren Management LLC bought a new position in shares of Globe Life in the 4th quarter worth about $37,000. Finally, AdvisorNet Financial Inc lifted its position in Globe Life by 41.1% during the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock valued at $44,000 after acquiring an additional 92 shares during the period. Institutional investors own 81.61% of the company’s stock.

Wall Street Analyst Weigh In

GL has been the topic of several recent research reports. Piper Sandler increased their price objective on Globe Life from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Texas Capital raised Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. TD Cowen increased their price target on shares of Globe Life from $199.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, Morgan Stanley boosted their price objective on shares of Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Globe Life has an average rating of “Moderate Buy” and an average target price of $175.89.

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.