Advisors Preferred LLC Makes New Investment in Globe Life Inc. $GL

Advisors Preferred LLC purchased a new position in Globe Life Inc. (NYSE:GL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,746 shares of the company’s stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GL. Norges Bank acquired a new position in Globe Life in the fourth quarter valued at $155,617,000. Northwestern Mutual Wealth Management Co. boosted its stake in Globe Life by 34,786.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock worth $123,345,000 after buying an additional 879,391 shares during the last quarter. AQR Capital Management LLC boosted its stake in Globe Life by 98.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock worth $174,340,000 after buying an additional 696,548 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Globe Life in the 3rd quarter valued at about $80,925,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Globe Life by 32.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,435,247 shares of the company’s stock worth $200,734,000 after purchasing an additional 355,399 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GL. Texas Capital upgraded Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Truist Financial boosted their price target on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, April 24th. TD Cowen upped their price target on Globe Life from $199.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley raised their price objective on Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Jefferies Financial Group boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.60.

Globe Life Trading Up 1.4%

NYSE:GL opened at $181.54 on Thursday. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 12.55 and a beta of 0.47. Globe Life Inc. has a one year low of $117.96 and a one year high of $182.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The business’s 50-day simple moving average is $165.24 and its 200 day simple moving average is $151.01.

Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share 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 analyst estimates of $1.56 billion. During the same quarter last year, the business earned $3.07 EPS. Globe Life’s revenue for the quarter was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, sell-side analysts predict that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio is 9.13%.

Insider Buying and Selling at Globe Life

In related news, CEO Frank M. Svoboda sold 10,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $166.68, for a total value of $1,666,800.00. Following the sale, the chief executive officer directly owned 54,020 shares of the company’s stock, valued at $9,004,053.60. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cheryl Alston sold 8,258 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $179.24, for a total transaction of $1,480,163.92. Following the transaction, the director owned 16,621 shares in the company, valued at $2,979,148.04. This trade represents a 33.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 124,187 shares of company stock valued at $19,529,414. Corporate insiders own 2.11% 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.