Globe Life (NYSE:GL) Hits New 12-Month High – Here’s What Happened

Globe Life Inc. (NYSE:GL) shares reached a new 52-week high on Wednesday . The company traded as high as $156.69 and last traded at $156.21, with a volume of 12021 shares traded. The stock had previously closed at $154.14.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings cut Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Evercore set a $157.00 price objective on Globe Life in a research report on Wednesday, February 18th. Piper Sandler raised Globe Life to a “strong-buy” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. raised 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. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $172.67.

Globe Life Stock Performance

The stock has a market capitalization of $11.86 billion, a PE ratio of 10.46 and a beta of 0.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50 day moving average is $144.95 and its two-hundred day moving average is $140.39.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing the consensus estimate 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 last year, the firm earned $3.07 EPS. The business’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. As a group, research analysts predict that Globe Life Inc. will post 15.53 earnings per share for the current year.

Globe Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend 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 Buying and Selling at Globe Life

In related news, CMO Jennifer Allison Haworth sold 10,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were 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 owned 17,479 shares in the company, valued at approximately $2,501,944.06. The trade was a 36.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Edward Hensley sold 712 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $142.59, for a total value of $101,524.08. Following the completion of the transaction, the executive vice president owned 8,580 shares in the company, valued at approximately $1,223,422.20. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 89,720 shares of company stock worth $13,322,826. 2.11% of the stock is currently owned by company insiders.

Institutional Trading of Globe Life

Large investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of Globe Life during the third quarter worth approximately $28,000. CYBER HORNET ETFs LLC purchased a new stake in Globe Life in the 2nd quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in Globe Life during the 4th quarter worth $30,000. MUFG Securities EMEA plc acquired a new stake in Globe Life during the 2nd quarter worth $31,000. Finally, Quent Capital LLC purchased a new position in Globe Life during the 3rd quarter worth $36,000. 81.61% of the stock is owned by institutional investors and hedge funds.

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.