DOWLING & PARTN Boosts Earnings Estimates for Globe Life

Globe Life Inc. (NYSE:GL) – Stock analysts at DOWLING & PARTN boosted their FY2027 earnings per share (EPS) estimates for shares of Globe Life in a note issued to investors on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the company will post earnings per share of $16.40 for the year, up from their prior estimate of $16.35. The consensus estimate for Globe Life’s current full-year earnings is $15.70 per share. DOWLING & PARTN also issued estimates for Globe Life’s FY2028 earnings at $18.10 EPS.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. upped their target price on Globe Life from $193.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen increased their target price on Globe Life from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Piper Sandler lifted their price target on shares of Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Wells Fargo & Company lifted their price target on shares of Globe Life from $190.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group boosted their price target on shares of Globe Life from $147.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $189.56.

Globe Life Stock Performance

Shares of GL opened at $167.79 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a 50-day moving average of $171.75 and a 200-day moving average of $166.25. The company has a market cap of $12.89 billion, a PE ratio of 11.14 and a beta of 0.44. Globe Life has a one year low of $127.85 and a one year high of $191.55.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($0.06). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS.

Globe Life announced that its Board of Directors has initiated a share buyback program on Monday, August 10th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to purchase up to 17.7% of its stock through open market purchases. Share repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Globe Life Announces Dividend

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 dividend of $0.33 per share. The ex-dividend date is Monday, October 5th. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. Globe Life’s payout ratio is 8.76%.

Insider Buying and Selling

In related news, CFO Thomas Kalmbach sold 21,000 shares of Globe Life stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $180.06, for a total transaction of $3,781,260.00. Following the transaction, the chief financial officer owned 50,568 shares of the company’s stock, valued at $9,105,274.08. The trade was a 29.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Darden sold 50,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $182.43, for a total value of $9,121,500.00. Following the sale, the chief executive officer owned 58,451 shares of the company’s stock, valued at $10,663,215.93. This trade represents a 46.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 143,650 shares of company stock valued at $25,793,717. Company insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

Several large investors have recently bought and sold shares of GL. Mather Group LLC. boosted its holdings in Globe Life by 9.5% during the 3rd quarter. Mather Group LLC. now owns 773 shares of the company’s stock worth $128,000 after acquiring an additional 67 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Globe Life by 2.7% during the second quarter. NewEdge Advisors LLC now owns 2,562 shares of the company’s stock valued at $458,000 after purchasing an additional 68 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Globe Life by 23.3% during the first quarter. Root Financial Partners LLC now owns 439 shares of the company’s stock valued at $61,000 after purchasing an additional 83 shares in the last quarter. Empirical Finance LLC boosted its holdings in Globe Life by 2.8% during the second 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. Finally, First United Bank & Trust boosted its holdings in Globe Life by 2.1% during the first 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 last quarter. 81.61% of the stock is currently owned by institutional investors.

Globe Life Company Profile

Globe Life Inc (NYSE: GL) is an insurance holding company that provides life and supplemental health insurance products to individuals and families in the United States. Its offerings include term and whole life insurance, mortgage protection coverage, accident and supplemental health policies, and Medicare supplement insurance.

The company distributes its products through a network of insurance agencies, independent agents, and direct-to-consumer channels. Its principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, and Family Heritage Life Insurance Company.