California Public Employees Retirement System Purchases 5,598 Shares of Globe Life Inc. $GL

California Public Employees Retirement System raised its position in Globe Life Inc. (NYSE:GL) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 162,854 shares of the company’s stock after acquiring an additional 5,598 shares during the period. California Public Employees Retirement System’s holdings in Globe Life were worth $22,664,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of GL. Norges Bank acquired a new position in shares of Globe Life during the fourth quarter worth approximately $155,617,000. Northwestern Mutual Wealth Management Co. grew its position in Globe Life by 34,786.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock valued at $123,345,000 after purchasing an additional 879,391 shares during the period. AQR Capital Management LLC grew its position in Globe Life by 98.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock valued at $174,340,000 after purchasing an additional 696,548 shares during the period. Balyasny Asset Management L.P. bought a new stake in Globe Life during the 3rd quarter valued at $80,925,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Globe Life by 32.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,435,247 shares of the company’s stock valued at $200,734,000 after purchasing an additional 355,399 shares in the last quarter. Institutional investors own 81.61% of the company’s stock.

Key Headlines Impacting Globe Life

Here are the key news stories impacting Globe Life this week:

• Positive Sentiment: Globe Life reported second-quarter net operating income of $3.61 per share, up from $3.27 a year ago, while net income came in at $3.65 per share, showing continued year-over-year earnings growth. GLOBE LIFE INC. REPORTS SECOND QUARTER 2026 RESULTS
• Positive Sentiment: Revenue of $1.60 billion slightly beat Wall Street expectations, suggesting the company is still growing its top line despite the earnings miss. View Press Release
• Positive Sentiment: TD Cowen raised its price target on Globe Life to $225 and kept a buy rating, while JPMorgan lifted its target to $201 with an overweight rating, signaling analyst confidence in the stock’s outlook. Benzinga
• Neutral Sentiment: Globe Life updated its FY 2026 EPS guidance to $15.55-$15.95, which brackets the consensus estimate of $15.65 and suggests management is generally reaffirming its full-year outlook. GLOBE LIFE INC. REPORTS SECOND QUARTER 2026 RESULTS
• Negative Sentiment: The quarter’s EPS of $3.61 missed the analyst consensus of $3.67 by $0.06, which may limit upside for the shares despite the stronger revenue performance. View Press Release

Globe Life Price Performance

Shares of NYSE:GL opened at $183.71 on Thursday. 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 stock’s fifty day simple moving average is $168.37 and its two-hundred day simple moving average is $152.54. Globe Life Inc. has a 1-year low of $122.48 and a 1-year high of $191.55. The stock has a market cap of $14.26 billion, a PE ratio of 12.70 and a beta of 0.47.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.05 EPS. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, analysts forecast that Globe Life Inc. will post 15.64 EPS for the current fiscal year.

Globe Life Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s dividend payout ratio is presently 9.13%.

Insiders Place Their Bets

In other news, EVP Michael Clay Majors sold 34,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $153.81, for a total value of $5,229,540.00. Following the transaction, the executive vice president owned 53,518 shares in the company, valued at $8,231,603.58. The trade was a 38.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Matthew Darden sold 4,663 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was 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 owned 58,451 shares in the company, valued at $8,994,439.88. The trade was a 7.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 124,187 shares of company stock worth $19,529,414 in the last ninety days. 2.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on GL shares. Weiss Ratings downgraded shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Globe Life from $181.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday. Jefferies Financial Group upped their target price on shares of Globe Life from $147.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Wells Fargo & Company raised their price target on shares of Globe Life from $172.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley lifted their price target on Globe Life from $181.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $187.60.

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.