Globe Life (NYSE:GL) Sets New 12-Month High – What’s Next?

Shares of Globe Life Inc. (NYSE:GL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $170.11 and last traded at $169.07, with a volume of 509541 shares traded. The stock had previously closed at $167.39.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GL. Morgan Stanley boosted their price target on shares of Globe Life from $176.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their price objective on shares of Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Truist Financial lifted their price objective on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 24th. Piper Sandler boosted their target price on Globe Life from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.11.

Globe Life Stock Performance

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 11.83 and a beta of 0.49. The stock’s 50 day moving average price is $155.03 and its two-hundred day moving average price is $145.58.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.46 by ($0.03). The company had revenue of $1.56 billion during 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 for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, analysts forecast that Globe Life Inc. will post 15.64 EPS for the current year.

Globe Life Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio (DPR) is presently 9.13%.

Insider Transactions at Globe Life

In related news, CFO Thomas Peter Kalmbach sold 7,936 shares of Globe Life stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $156.59, for a total transaction of $1,242,698.24. Following the completion of the transaction, the chief financial officer directly owned 50,496 shares of the company’s stock, valued at approximately $7,907,168.64. The trade was a 13.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James Matthew Darden sold 4,663 shares of Globe Life stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $153.88, for a total value of $717,542.44. Following the transaction, the chief executive officer directly owned 58,451 shares of the company’s stock, valued at approximately $8,994,439.88. This represents a 7.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 115,929 shares of company stock worth $18,049,250 over the last quarter. Insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GL. CYBER HORNET ETFs LLC purchased a new stake in shares of Globe Life in the 2nd quarter worth about $28,000. Hilton Head Capital Partners LLC acquired a new stake in Globe Life in the 4th quarter valued at about $30,000. MUFG Securities EMEA plc purchased a new position in Globe Life during the 2nd quarter valued at about $31,000. Torren Management LLC acquired a new position in Globe Life during the fourth quarter worth about $37,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Globe Life by 41.1% in the first quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock valued at $44,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other 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.