Texas Capital Upgrades Globe Life (NYSE:GL) to Strong-Buy

Globe Life (NYSE:GL) was upgraded by Texas Capital to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently commented on GL. Morgan Stanley reaffirmed an “overweight” rating and set a $176.00 target price on shares of Globe Life in a research note on Monday, December 15th. TD Cowen reissued a “buy” rating on shares of Globe Life in a research note on Thursday, December 11th. Weiss Ratings upgraded Globe Life from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $167.00 price objective on shares of Globe Life in a research report on Friday, November 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Globe Life from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and a consensus target price of $171.33.

Globe Life Price Performance

GL stock opened at $136.85 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.39. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 9.72 and a beta of 0.46. The company’s fifty day simple moving average is $141.82 and its 200 day simple moving average is $138.95. Globe Life has a 12-month low of $109.38 and a 12-month high of $152.71.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). Globe Life had a return on equity of 21.30% and a net margin of 19.37%.The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $3.14 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. On average, analysts expect that Globe Life will post 13.87 earnings per share for the current year.

Insider Buying and Selling at Globe Life

In other Globe Life news, EVP Michael Clay Majors sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $146.89, for a total value of $4,406,700.00. Following the completion of the sale, the executive vice president owned 47,066 shares of the company’s stock, valued at approximately $6,913,524.74. This trade represents a 38.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frank M. Svoboda sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $144.78, for a total value of $1,809,750.00. Following the sale, the chief executive officer owned 35,868 shares of the company’s stock, valued at approximately $5,192,969.04. This represents a 25.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,807 shares of company stock worth $12,041,286 in the last quarter. Company insiders own 1.51% of the company’s stock.

Institutional Trading of Globe Life

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in Globe Life during the third quarter worth $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Globe Life during the second quarter valued at about $28,000. Hilton Head Capital Partners LLC bought a new stake in shares of Globe Life during the fourth quarter worth about $30,000. MUFG Securities EMEA plc bought a new stake in shares of Globe Life during the second quarter worth about $31,000. Finally, Quent Capital LLC acquired a new stake in shares of Globe Life in the 3rd quarter worth about $36,000. Institutional investors own 81.61% of the company’s stock.

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.