Globe Life Inc. (NYSE:GL) Receives $166.22 Average Price Target from Analysts

Shares of Globe Life Inc. (NYSE:GL) have been given an average rating of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $166.2222.

Several analysts have commented on GL shares. Truist Financial boosted their price target on shares of Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Globe Life in a report on Thursday, December 11th. TD Cowen increased their price target on Globe Life from $182.00 to $199.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Keefe, Bruyette & Woods raised their price target on Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Evercore ISI downgraded Globe Life from an “outperform” rating to an “in-line” rating and set a $155.00 price objective on the stock. in a research note on Tuesday, January 6th.

Insider Activity at Globe Life

In other news, CEO Frank M. Svoboda sold 9,379 shares of Globe Life stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $140.43, for a total value of $1,317,092.97. Following the completion of the transaction, the chief executive officer owned 35,868 shares in the company, valued at approximately $5,036,943.24. The trade was a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Global Assets Advisory LLC purchased a new position in shares of Globe Life during the second quarter valued at $25,000. AdvisorNet Financial Inc grew its holdings in Globe Life by 60.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 84 shares in the last quarter. Mather Group LLC. purchased a new position in Globe Life during the 3rd quarter valued at about $28,000. CYBER HORNET ETFs LLC purchased a new position in Globe Life during the 2nd quarter valued at about $28,000. Finally, Assetmark Inc. raised its holdings in shares of Globe Life by 777.8% in the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 81.61% of the company’s stock.

Globe Life Stock Performance

Shares of NYSE GL opened at $142.85 on Friday. Globe Life has a 12-month low of $109.38 and a 12-month high of $147.83. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 10.35 and a beta of 0.48. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $136.43 and a 200 day moving average of $135.58.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.27. Globe Life had a return on equity of 21.81% and a net margin of 19.36%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. On average, research analysts anticipate that Globe Life will post 13.87 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, January 30th. Shareholders of record on Monday, January 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 5th. Globe Life’s dividend payout ratio (DPR) is presently 7.83%.

Globe Life Company 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.