Buck Wealth Strategies LLC Buys 4,630 Shares of Globe Life Inc. $GL

Buck Wealth Strategies LLC increased its holdings in shares of Globe Life Inc. (NYSE:GL) by 99.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,281 shares of the company’s stock after purchasing an additional 4,630 shares during the period. Buck Wealth Strategies LLC’s holdings in Globe Life were worth $1,298,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of 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 position in shares of Globe Life in the 3rd quarter valued at about $80,925,000. Westfield Capital Management Co. LP bought a new position in Globe Life during the third quarter worth about $61,569,000. Teachers Retirement System of The State of Kentucky grew its holdings in Globe Life by 2,617.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 182,215 shares of the company’s stock worth $25,485,000 after purchasing an additional 175,510 shares during the period. Finally, Comerica Bank grew its holdings in Globe Life by 865.4% during the third quarter. Comerica Bank now owns 152,662 shares of the company’s stock worth $21,826,000 after purchasing an additional 136,849 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Price Performance

Shares of NYSE GL opened at $151.21 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.39. Globe Life Inc. has a 1-year low of $116.73 and a 1-year high of $156.69. The firm has a market capitalization of $11.86 billion, a P/E ratio of 10.46 and a beta of 0.50. The firm’s 50-day moving average price is $144.95 and its 200-day moving average price is $140.39.

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). Globe Life had a return on equity of 21.30% and a net margin of 19.38%.The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company earned $3.07 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Equities research analysts anticipate that Globe Life Inc. will post 15.53 earnings per share 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 paid a $0.33 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.32 annualized dividend and a yield of 0.9%. Globe Life’s dividend payout ratio (DPR) is 9.13%.

Insider Transactions at Globe Life

In other news, EVP Michael Clay Majors sold 34,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares of the company’s stock, valued at $8,231,603.58. This represents a 38.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Allison Haworth sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the completion of the transaction, the chief marketing officer directly owned 17,479 shares of the company’s stock, valued at approximately $2,501,944.06. This trade represents a 36.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 89,720 shares of company stock worth $13,322,826. Company insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GL shares. Piper Sandler upgraded Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $168.00 price objective on shares of Globe Life in a research report on Thursday, March 26th. Evercore set a $157.00 price objective on shares of Globe Life in a research report on Wednesday, February 18th. Truist Financial upped their price target on shares of Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven 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 has a consensus rating of “Buy” and a consensus target price of $172.67.

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.