Globe Life Inc. $GL Shares Newly Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC bought a new position in shares of Globe Life Inc. (NYSE:GL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,116 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Globe Life during the second quarter worth $987,901,000. State Street Corp increased its position in Globe Life by 2.1% during the second quarter. State Street Corp now owns 3,735,409 shares of the company’s stock worth $667,443,000 after buying an additional 76,745 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 in the last quarter. Pzena Investment Management LLC acquired a new stake in Globe Life during the second quarter valued at approximately $242,256,000. Finally, Swedbank AB grew its holdings in Globe Life by 15.3% in the 1st quarter. Swedbank AB now owns 1,109,200 shares of the company’s stock worth $154,367,000 after buying an additional 147,200 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Insider Transactions at Globe Life

In related news, CEO James Darden sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas Kalmbach sold 25,650 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $178.58, for a total transaction of $4,580,577.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 143,650 shares of company stock valued at $25,793,717. Insiders own 2.11% of the company’s stock.

Globe Life Stock Up 0.5%

GL stock opened at $168.49 on Friday. Globe Life Inc. has a 12 month low of $127.85 and a 12 month high of $191.55. The company has a market capitalization of $12.95 billion, a P/E ratio of 11.19 and a beta of 0.44. The firm’s fifty day simple moving average is $171.45 and its 200-day simple moving average is $166.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.07 and a quick ratio of 0.07.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). Globe Life had a return on equity of 20.52% and a net margin of 19.58%. 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 prior year, the company posted $3.05 earnings per share. The business’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. As a group, equities research analysts forecast that Globe Life Inc. will post 15.70 earnings per share for the current year.

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

Globe Life Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on GL shares. Piper Sandler boosted their price target on Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. 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 report on Friday, July 10th. Keefe, Bruyette & Woods lowered their target price on Globe Life from $192.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Wells Fargo & Company boosted 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, October 12th. Finally, Morgan Stanley decreased their price objective on shares of Globe Life from $208.00 to $197.00 and set an “overweight” rating for the company in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Globe Life presently has an average rating of “Moderate Buy” and an average target price of $189.56.

Globe Life 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.