Thomas Peter Kalmbach Sells 11,790 Shares of Globe Life (NYSE:GL) Stock

Globe Life Inc. (NYSE:GL) CFO Thomas Peter Kalmbach sold 11,790 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $152.02, for a total value of $1,792,315.80. Following the transaction, the chief financial officer owned 40,972 shares in the company, valued at approximately $6,228,563.44. This represents a 22.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Thomas Peter Kalmbach also recently made the following trade(s):

• On Monday, May 11th, Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock. The shares were sold at an average price of $153.65, for a total value of $2,402,625.05.

Globe Life Stock Down 1.3%

Shares of NYSE:GL opened at $152.87 on Thursday. Globe Life Inc. has a 1 year low of $116.73 and a 1 year high of $156.69. The company has a market cap of $11.87 billion, a PE ratio of 10.57 and a beta of 0.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50-day moving average is $145.57 and its 200 day moving average is $140.89.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm earned $3.07 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Sell-side analysts anticipate that Globe Life Inc. will post 15.56 EPS for the current year.

Globe Life Announces Dividend

The business also recently disclosed 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 0.9%. Globe Life’s dividend payout ratio (DPR) is 9.13%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GL. Weiss Ratings downgraded Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, April 27th. JPMorgan Chase & Co. upped their target price on Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Wells Fargo & Company upped their target price on Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Evercore set a $157.00 target price on Globe Life in a report on Wednesday, February 18th. Finally, Piper Sandler upgraded Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $172.67.

Institutional Trading of Globe Life

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of Globe Life by 49.1% in the 1st quarter. Sei Investments Co. now owns 71,795 shares of the company’s stock worth $9,993,000 after buying an additional 23,632 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Globe Life by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 9,763 shares of the company’s stock worth $1,359,000 after buying an additional 902 shares during the last quarter. Westpac Banking Corp purchased a new stake in shares of Globe Life in the 1st quarter worth approximately $155,000. Dimensional Fund Advisors LP grew its stake in shares of Globe Life by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,192 shares of the company’s stock worth $327,479,000 after buying an additional 217,331 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Globe Life by 6.4% in the 1st quarter. Parallel Advisors LLC now owns 1,756 shares of the company’s stock worth $244,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

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.