Globe Life (NYSE:GL) Reaches New 12-Month High – Still a Buy?

Globe Life Inc. (NYSE:GL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $183.94 and last traded at $183.5960, with a volume of 23496 shares changing hands. The stock had previously closed at $181.51.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. 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. Piper Sandler lifted their price objective on shares of Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Morgan Stanley boosted their price target on shares of Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, TD Cowen increased their price target on shares of Globe Life from $199.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.60.

Globe Life Stock Performance

The company has a market capitalization of $14.36 billion, a PE ratio of 12.79 and a beta of 0.47. The stock has a 50-day simple moving average of $166.55 and a 200 day simple moving average of $151.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Equities analysts anticipate that Globe Life Inc. will post 15.64 EPS for the current fiscal year.

Globe Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.33 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.32 annualized dividend and a yield of 0.7%. Globe Life’s payout ratio is 9.13%.

Insider Activity at Globe Life

In other news, EVP Michael Clay Majors sold 34,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the sale, the executive vice president owned 53,518 shares in the company, valued at $8,231,603.58. This trade represents a 38.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock in a transaction on Monday, May 11th. The shares were sold at an average price of $153.65, for a total value of $2,402,625.05. Following the completion of the sale, the chief financial officer directly owned 45,335 shares of the company’s stock, valued at approximately $6,965,722.75. This represents a 25.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 124,187 shares of company stock worth $19,529,414. Company insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC acquired a new position in Globe Life during the second quarter worth approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Globe Life in the 4th quarter valued at $30,000. MUFG Securities EMEA plc purchased a new stake in shares of Globe Life during the 2nd quarter valued at $31,000. Torren Management LLC acquired a new stake in shares of Globe Life during the 4th quarter worth $37,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Globe Life by 41.1% during 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 last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

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.