Louisiana State Employees Retirement System Makes New Investment in Globe Life Inc. $GL

Louisiana State Employees Retirement System bought a new position in shares of Globe Life Inc. (NYSE:GL) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,100 shares of the company’s stock, valued at approximately $571,000.

A number of other hedge funds have also added to or reduced their stakes in GL. SG Americas Securities LLC lifted its stake in shares of Globe Life by 909.6% in the fourth quarter. SG Americas Securities LLC now owns 99,746 shares of the company’s stock valued at $13,950,000 after buying an additional 89,866 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Globe Life during the third quarter worth about $7,348,000. JPMorgan Chase & Co. increased its position in shares of Globe Life by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company’s stock worth $35,449,000 after acquiring an additional 24,785 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Globe Life in the 3rd quarter worth about $5,862,000. Finally, Magnetar Financial LLC raised its holdings in shares of Globe Life by 2,185.8% in the 3rd quarter. Magnetar Financial LLC now owns 40,435 shares of the company’s stock worth $5,781,000 after acquiring an additional 38,666 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Globe Life news, Director Cheryl Alston sold 8,258 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $179.24, for a total transaction of $1,480,163.92. Following the completion of the sale, the director directly owned 16,621 shares in the company, valued at $2,979,148.04. This represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Thomas Peter Kalmbach sold 7,936 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 50,496 shares of the company’s stock, valued at $7,907,168.64. This represents a 13.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 124,187 shares of company stock worth $19,529,414 in the last ninety days. 2.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GL shares. Keefe, Bruyette & Woods restated a “moderate buy” rating and issued a $168.00 target price on shares of Globe Life in a report on Thursday, March 26th. TD Cowen upped their price target on Globe Life from $199.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Wells Fargo & Company raised their price objective on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley upped their target price on shares of Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Globe Life presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.89.

Globe Life Stock Performance

Shares of GL stock opened at $176.89 on Wednesday. The stock has a market capitalization of $13.73 billion, a P/E ratio of 12.23 and a beta of 0.47. 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 firm’s 50 day moving average is $162.15 and its 200 day moving average is $149.43. Globe Life Inc. has a 12 month low of $116.73 and a 12 month high of $182.32.

Globe Life (NYSE:GL) last posted its earnings results 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). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, sell-side analysts anticipate that Globe Life Inc. will post 15.64 earnings per share for the current year.

Globe Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, July 6th. Globe Life’s payout ratio is presently 9.13%.

Globe Life 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.