Squarepoint Ops LLC Buys 24,575 Shares of Globe Life Inc. $GL

Squarepoint Ops LLC grew its stake in Globe Life Inc. (NYSE:GL) by 79.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 55,676 shares of the company’s stock after buying an additional 24,575 shares during the period. Squarepoint Ops LLC’s holdings in Globe Life were worth $9,948,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Compound Planning Inc. lifted its stake in shares of Globe Life by 4.3% in the fourth quarter. Compound Planning Inc. now owns 1,968 shares of the company’s stock worth $275,000 after acquiring an additional 82 shares during the period. Root Financial Partners LLC raised its holdings in Globe Life by 23.3% during the 1st quarter. Root Financial Partners LLC now owns 439 shares of the company’s stock worth $61,000 after purchasing an additional 83 shares during the last quarter. Empirical Finance LLC raised its holdings in Globe Life by 2.8% during the 2nd quarter. Empirical Finance LLC now owns 3,228 shares of the company’s stock worth $577,000 after purchasing an additional 87 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Globe Life by 5.6% in the 4th quarter. Parallel Advisors LLC now owns 1,651 shares of the company’s stock worth $231,000 after purchasing an additional 87 shares during the period. Finally, First United Bank & Trust lifted its position in shares of Globe Life by 2.1% in the 1st quarter. First United Bank & Trust now owns 4,355 shares of the company’s stock worth $606,000 after purchasing an additional 90 shares during the period. 81.61% of the stock is currently owned by institutional investors.

Globe Life Price Performance

Globe Life stock opened at $170.98 on Friday. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 11.35 and a beta of 0.46. Globe Life Inc. has a 52-week low of $127.85 and a 52-week high of $191.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50 day moving average price is $177.89 and its two-hundred day moving average price is $161.47.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm earned $3.05 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, equities analysts predict that Globe Life Inc. will post 15.71 earnings per share for the current year.

Globe Life announced that its Board of Directors has approved a share buyback plan on Monday, August 10th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 17.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Globe Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, October 5th. Globe Life’s payout ratio is 8.76%.

Insider Activity at Globe Life

In other news, CFO Thomas Kalmbach sold 25,650 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $178.58, for a total value of $4,580,577.00. Following the completion of the sale, the chief financial officer directly owned 50,568 shares in the company, valued at $9,030,433.44. This trade represents a 33.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Cheryl Alston sold 8,258 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $179.24, for a total value of $1,480,163.92. Following the completion of the sale, the director directly owned 16,621 shares of the company’s stock, valued at $2,979,148.04. The trade was a 33.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 141,908 shares of company stock worth $25,573,181 over the last three months. 2.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Globe Life from $147.00 to $166.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods dropped their target price on shares of Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Morgan Stanley upped their price target on shares of Globe Life from $181.00 to $208.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Wells Fargo & Company increased their price target on Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Globe Life from $181.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.67.

Globe Life Profile

Globe Life Inc is an insurance holding company headquartered in McKinney, Texas. Through its subsidiaries, the company markets and distributes individual life insurance and supplemental health insurance products to middle-income households and other consumer segments.

Its product offerings include term and whole life insurance, mortgage protection and final expense coverage, accident and supplemental health insurance, Medicare supplement policies, and annuity products. Globe Life distributes these products through multiple channels, including direct-to-consumer marketing, agency networks, and independent agents.

The company’s principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, United American Insurance Company, and Family Heritage Life Insurance Company of America.