Globe Life (NYSE:GL) Sets New 52-Week High – What’s Next?

Globe Life Inc. (NYSE:GL)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $158.32 and last traded at $157.7740, with a volume of 83100 shares. The stock had previously closed at $154.31.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GL. Piper Sandler boosted their target price on Globe Life from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Evercore set a $157.00 target price on Globe Life in a research report on Wednesday, February 18th. Wells Fargo & Company boosted their target price on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Finally, Texas Capital raised Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.11.

Globe Life Stock Up 3.2%

The company has a 50-day simple moving average of $150.46 and a 200 day simple moving average of $143.44. The company has a market cap of $12.37 billion, a P/E ratio of 11.02 and a beta of 0.49. The company has a current ratio of 0.07, a quick 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 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 the consensus estimate of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, equities analysts anticipate that Globe Life Inc. will post 15.62 EPS for the current year.

Globe Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s dividend payout ratio is 9.13%.

Insiders Place Their Bets

In other Globe Life news, CFO Thomas Peter Kalmbach sold 15,637 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $153.65, for a total value of $2,402,625.05. Following the transaction, the chief financial officer owned 45,335 shares of the company’s stock, valued at $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 available through this hyperlink. Also, CEO James Matthew Darden sold 4,663 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $153.88, for a total value of $717,542.44. Following the completion of the transaction, the chief executive officer directly owned 58,451 shares in the company, valued at $8,994,439.88. This trade represents a 7.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 105,929 shares of company stock worth $16,382,450. Insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

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