MidFirst Bank Invests $529,000 in Globe Life Inc. $GL

MidFirst Bank purchased a new stake in shares of Globe Life Inc. (NYSE:GL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,779 shares of the company’s stock, valued at approximately $529,000.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Piper Sandler upped their price target 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 issued a $168.00 price objective on shares of Globe Life in a research note on Thursday, March 26th. Wells Fargo & Company raised their price objective on Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Finally, Truist Financial lifted their target price on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 24th. 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. Based on data from MarketBeat.com, Globe Life currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.11.

Insider Transactions at Globe Life

In related news, CFO Thomas Peter Kalmbach sold 7,936 shares of Globe Life stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $156.59, for a total transaction of $1,242,698.24. Following the completion of the sale, the chief financial officer owned 50,496 shares of the company’s stock, valued at approximately $7,907,168.64. This trade represents a 13.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Clay Majors sold 34,000 shares of Globe Life stock in a transaction 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 sale, the executive vice president directly owned 53,518 shares of the company’s stock, valued at approximately $8,231,603.58. The trade was a 38.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 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 insiders.

Globe Life Stock Up 0.2%

Globe Life stock opened at $171.05 on Friday. The firm has a market cap of $13.28 billion, a PE ratio of 11.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50 day moving average price is $155.49 and its two-hundred day moving average price is $145.75. Globe Life Inc. has a twelve month low of $116.73 and a twelve month high of $172.74.

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

Globe Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 dividend yield of 0.8%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio (DPR) is currently 9.13%.

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.