Focus Partners Advisor Solutions LLC Takes $1.05 Million Position in Globe Life Inc. $GL

Focus Partners Advisor Solutions LLC bought a new stake in shares of Globe Life Inc. (NYSE:GL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,867 shares of the company’s stock, valued at approximately $1,048,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Compound Planning Inc. increased its position in Globe Life by 4.3% during the 4th quarter. Compound Planning Inc. now owns 1,968 shares of the company’s stock valued at $275,000 after purchasing an additional 82 shares during the period. Root Financial Partners LLC lifted its position in shares of Globe Life by 23.3% in the 1st quarter. Root Financial Partners LLC now owns 439 shares of the company’s stock worth $61,000 after purchasing an additional 83 shares during the period. Parallel Advisors LLC boosted its stake in shares of Globe Life by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 1,651 shares of the company’s stock valued at $231,000 after purchasing an additional 87 shares in the last quarter. First United Bank & Trust boosted its stake in shares of Globe Life by 2.1% during the 1st quarter. First United Bank & Trust now owns 4,355 shares of the company’s stock valued at $606,000 after purchasing an additional 90 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Globe Life by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,366 shares of the company’s stock valued at $329,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Insider Transactions at Globe Life

In other Globe Life news, CEO James Matthew Darden sold 50,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $182.43, for a total value of $9,121,500.00. Following the transaction, the chief executive officer directly owned 58,451 shares in the company, valued at approximately $10,663,215.93. This trade represents a 46.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Clay Majors sold 37,000 shares of Globe Life stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.64, for a total transaction of $6,609,680.00. Following the transaction, the executive vice president owned 53,518 shares in the company, valued at $9,560,455.52. This represents a 40.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 191,747 shares of company stock valued at $33,480,408. Company insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Globe Life from $147.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Truist Financial upped their target price on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods decreased their target price on Globe Life from $192.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. TD Cowen raised their target price on Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company upped their price target on Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

Globe Life Trading Down 0.1%

NYSE:GL opened at $180.87 on Monday. Globe Life Inc. has a 52 week low of $127.85 and a 52 week high of $191.55. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 12.01 and a beta of 0.48. The company’s 50 day moving average price is $177.16 and its 200-day moving average price is $157.41. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.43.

Globe Life (NYSE:GL) last issued its earnings results on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, equities research analysts forecast that Globe Life Inc. will post 15.71 earnings per share for the current fiscal year.

Globe Life declared that its Board of Directors has approved a share buyback program on Monday, August 10th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 17.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, October 5th. This represents a $1.32 annualized dividend and a yield of 0.7%. Globe Life’s dividend payout ratio is currently 8.76%.

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.